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Financial highlights

Revenue (£'m)

£469.5m

2020 469.5
2019 541.8
2018 491
2017 430.2
2016 396.9

EBITDA (£'m) - before operational restructuring costs and asset impairments

£57.6m

2020 57.6
2019 103.9
2018 80.8
2017 67.9
2016 60.8

Profit before tax (£'m) - before operational restructuring costs and asset impairment

£22.5m

2020 22.5
2019 69.9
2018 62.9
2017 52.1
2016 46

Basic EPS (p) - before operational restructuring costs and asset impairments

8.60p

2020 8.6
2019 29.36
2018 26.29
2017 21.52
2016 18.95

Return of capital employed (%) - before operational restructuring costs and asset impairments

8.20%

2020 8.2
2019 21.4
2018 21.9
2017 20.8
2016 23

Net debt - pre-IFRS 16

£(26.9)m

2020 (26.9)
2019 (18.7)
2018 (37.4)
2017 (24.3)
2016 5.4

Operational highlights

  • Priority given to health and safety throughout the COVID-19 crisis
  • Trading has started strongly in 2021 - at the end of February, sales are up 7% and orders are up 12% compared to same period in 2020
  • Focus on servicing our customers
  • Operational restructuring exercise completed in H1 2020 – increased manufacturing efficiency and operational flexibility, with fixed costs reduced by £12 million per annum
  • Maintained focus on innovation, ESG priorities, sales opportunities and sustainable growth over the medium term
  • Capital investment of £30 million planned for 2021
Financial Highlights
  • Progressive growth in sales over the second half of 2020 – sales in quarter 4 ahead of prior year
  • Re-instatement of dividends – final dividend of 4.30 pence recommended
  • Full year revenue of £469.5 million (2019: £541.8 million)
  • Strong growth in Domestic sales – growth of 9 per cent in H2 2020
 
  • Increase in International sales of 16 per cent
  • Strong balance sheet and a flexible capital structure
* Full repayment of all Government Coronavirus assistance (furlough and deferred VAT)

Annual and Interim Reports