Highlights

• Strong order book at £201m (30 June 2015: £140m)
• Revenue up 31% to £157.8m (31 December 2014: £120.5m)
• Underlying(1) PBT up 43% to £14.4m (31 December 2014: £10.1m)
• Organic(2) underlying revenue up 9% to £130.8m (31 December 2014: £120.5m)
• Organic(2) underlying PBT up 10% to £11.1m (31 December 2014: £10.1m)
• Underlying(1) basic earnings per share up 31% to 20.8p (31 December 2014: 15.9p)
• Net debt of £32.2m after £41.5m net acquisition expenditure (30 June 2015 net funds: £14.3m)
• Interim dividend up 9% to 5.07p per share (31 December 2014: 4.65p)
• Acquisitions of Lloyd’s Register Rail (‘LR Rail’) and Cascade completed in the period
• Outlook remains positive, strong platform for further growth.