2023-2024
Interim results & presentation 2023/24- March 2024
Strong Sales Momentum Underpins Confidence for FY 23/24
Highlights
- Record order book of £477m (HY 2022/23: £404m), up 18% on a constant currency basis
- Strong growth and margin accretion in Energy and Environment (EE), Rail and Defense
- Recent acquisitions, E3-Modelling and Aither Pty Ltd, performing well and accelerating growth
- Group operating profit impacted by delayed customer orders in Automotive and Industrial (A&I) in H1
- Operating profit margin to improve in H2 from accelerating our operating model transformation
- Excellent cash conversion of 130% (HY 2022/23: 97%)
- Interim dividend of 3.8p up 13%