Interim Results Presentation Dec 2017

Interim Results Presentation Dec 2017

HIGHLIGHTS – for the half year ended 31 December 2017

  • Record order book at £302m, up £54m on June 2017
  • Strong order intake at £238m, up £57m on HY 2016/17
  • Revenue up 9% to £183m and underlying PBT up 8% to £16.3m on HY 2016/17
  • Net debt reduced from £38m at June 2017 to £32m (after £6m acquisition of Control Point)
  • A good mix of orders in terms of geography, sector and size with increased orders in hybrid/EV activity at 24% of total Group order intake, up from 17% for FY 2016/17
  • Acquisition of Control Point completed in the period and performing well
  • Outlook remains positive with a good pipeline

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