Preliminary Results Presentation June 2017

Preliminary Results Presentation June 2017

HIGHLIGHTS – for the year ended 30 June 2017

  • Record order book at £248m, strong order intake at £366m and revenue up 6% to £352m;
  • Resilient performance across the business with underlying profit before tax at £38.3m in line with expectations, despite disrupted flow of orders in Automotive;
  • Good performance from Energy & Environment, Rail and Performance Products;
  • Good order flow in Automotive engines and hybrid/EV – with the latter 17% of Group order intake;
  • Underlying(1) basic earnings per share at 55.7p;
  • Net debt of £37.9m after £4.4m of net acquisition-related payments;
  • Full year dividend up 7% to 19.3p per share;
  • Acquisition of Exnovo completed in the year, with Control Point completed post year-end; and
  • Outlook remains positive, good platform for growth.

(1) Excludes specific adjusting items, which comprise amortisation of acquired intangible assets of £4.0m (2016: £3.4m), net acquisition-related expenditure of £1.7m (2016: £2.8m) and reorganisation costs of £0.4m (2016: £Nil). In the prior year, non-recurring income of £1.5m for claims under the Research & Development Expenditure Credit (‘RDEC’) scheme was also included.

Latest Presentations

Preliminary Results Presentation June 2018

Preliminary Results Presentation June 2018

Download
Find out more
Preliminary Results Presentation June 2017

Preliminary Results Presentation June 2017

Download
Find out more