Investor Centre
Share Price
Financial Highlights
Revenue (£'m)
£541.8m
+10%
EBITDA (£'m)
Reported basis
£103.9m
+29%
Pre-IFRS 16
£90.1m
+12%
Operating profit (£'m)
Reported basis
£73.7m
+14%
Pre-IFRS 16
£72.6m
+12%
Basic EPS (p)
Reported basis
29.36p
+12%
Pre-IFRS 16
29.48p
+12%
Profit before tax (£'m)
Reported basis
£69.9m
+11%
Pre-IFRS 16
£70.1m
+11%
Return of capital employed (%)
Reported basis
21.4%
Pre-IFRS 16
23.7%
Up 180 basis points
Final dividend recommended (p)
9.65p
+21%
2. The 2019 figures in the graphs use the pre-IFRS 16 figures.
- Revenue growth of 10% to £541.8 million (2018: £491.0 million)
- Continued improvement in operating margins which increased to 13.4% (2018: 13.2%)
- Profit before tax up 11% to £69.9 million (2018: £62.9 million) on a reported basis
- Return on capital employed (“ROCE”) improved to 23.7% (2018: 21.9%) on a pre-IFRS 16 basis and on a reported basis was 21.4%
- Reported EPS up 12% to 29.36 pence (2018: 26.29 pence)
- Edenhall performed well in the period and its operational integration is complete
- Strong cash generation has continued with Group operating cash flow at 96% of EBITDA
- Net debt of £18.7 million (2018: £37.4 million) on a pre-IFRS 16 basis
- Reported net debt of £60.0 million, after the inclusion of £41.3 million of IFRS 16 liabilities
- Recommended final ordinary dividend increased by 21% to 9.65 pence (2018: 8.00 pence) per share
- Recommended supplementary dividend of 4.00 pence per share made possible by strong cash management