Preliminary Results Presentation June 2010

Preliminary Results Presentation June 2010

Highlights

  • A turbulent and challenging year with a backdrop of weak passenger car market, diversification strategy and cost reduction focus mitigated full impact
  • Q4 intake levels led to strong closing orderbook at £101m (June 2009: £97m)
  • Revenue of £162.8m (June 2009: £178.8m)
  • Operating profit £12.6m (June 2009: £15.1m)
  • Profit before tax £10.8m, EPS 20.1p (June 2009: £15.7m, 28.8p)
  • Minimal gearing maintained - net debt at £7.8m (June 2009: £3.5m)
  • Full year dividend maintained at 10.7p
  • Sale of non core exhaust business concluded 30 July 2010
  • Positive outlook as markets recover.

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