2024-25
Interim results and presentation 2024/2025 - March 2025
Good strategic progress with market headwinds impacting orders
Highlights
- Acquisition of E3 Advisory and disposal of Ricardo Defense demonstrates clear execution against our strategy
- Continuing Group order intake of £221m on the back of multi-year wins in the face of a challenging macro environment
- Solid improvement in underlying operating profit to £8.3m, driven by higher margins and ongoing focus on cost to underpin profitability
- Resilient solutions in Energy & Environment are key to our strategy with strong fundamentals providing confidence in mid-term growth
- Continued variability in automotive end markets drives our diversification into off-highway and industrial applications which supports expected mid-term growth