Interim results presentation 2016/17 - February 2017

• Record order book at £244m (Jun 2016: £231m)
• Revenue up 6% to £167.0m (Dec 2015: £157.8m)
• Underlying⁽¹⁾ PBT up 5% to £15.1m (Dec 2015: £14.4m)
• Underlying⁽¹⁾ basic earnings per share up 7% to 22.3p (Dec 2015: 20.8p)
• Net debt of £47.0m after £3.7m net acquisition expenditure (Jun 2016 net debt: £34.4m)
• Interim dividend up 7% to 5.42p per share (Dec 2015: 5.07p)
• Acquisition of Motorcycle Engineering Italia (Exnovo) completed in the period and all prior acquisitions performing well
• Our progress on diversification across geographies and sectors provides us with a good platform for continued growth.

⁽¹⁾Excluding specific adjusting items which comprise amortisation of acquired intangible assets and acquisition-related expenditure. In the prior period, non-recurring income for claims under the Research & Development Expenditure Credit (‘RDEC’) scheme in respect of prior years wasalso included in specific adjusting items.