Interim Report 2012

Interim Report 2012

Interim report for the six months to December 2012


  • Group revenue £100.3m, £95.4m excluding AEA
  • Strong closing order book at £136m, £111m excluding AEA
  • Underlying* profit before tax up 16% at £7.3m
  • Underlying* basic earnings per share up 10% to 11.6p
  • Strong operating cash inflow, post acquisition net debt £2.7m (30 June 2012: net funds £7.9m)
  • Interim dividend up 8% to 4.0p per share (31 December 2011: 3.7p)
  • Strong trading performance from the UK, trading in Germany remains challenging
  • Integration of AEA progressing to plan, earnings enhancing since acquisition

* Excluding specific adjusting items of £1.4m comprising amortisation of acquired intangible assets and acquisition costs

For more information please download the full report

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