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Financial Highlights
Data for year ending 31st December 2019.
Revenue (£'m)
£541.8m
+10%
2019
541.8
2018
491
2017
430.2
2016
396.9
2015
386.2
EBITDA (£'m)
Reported basis
£103.9m
+29%
Pre-IFRS 16
£90.1m
+12%
2019
90.1
2018
80.8
2017
67.9
2016
60.8
2015
51.8
Operating profit (£'m)
Reported basis
£73.7m
+14%
Pre-IFRS 16
£72.6m
+12%
2019
72.6
2018
64.8
2017
53.4
2016
47.6
2015
37.5
Basic EPS (p)
Reported basis
29.36p
+12%
Pre-IFRS 16
29.48p
+12%
2019
29.48
2018
26.29
2017
21.52
2016
18.95
2015
14.32
Profit before tax (£'m)
Reported basis
£69.9m
+11%
Pre-IFRS 16
£70.1m
+11%
2019
70.1
2018
62.9
2017
52.1
2016
46
2015
35.3
Return of capital employed (%)
Reported basis
21.4%
Pre-IFRS 16
23.7%
Up 180 basis points
2019
23.7
2018
21.9
2017
20.8
2016
23
2015
19
Final dividend recommended (p)
9.65p
+21%
2019
9.65
2018
8
2017
6.8
2016
5.8
2015
4.75
1. Alternative performance measures are used consistently throughout the Annual Report and Accounts. These relate to like-for-like, EBITA, EBITDA, ROCE and net debt. Following the transition to IFRS 16, reference has been made to “pre-IFRS 16” and “reported basis”, the latter referring to amounts required under IFRS 16. For further etails of their purpose, definition and reconciliation to the equivalent statutory measures see Note 1 to the Financial Statements.
2. The 2019 figures in the graphs use the pre-IFRS 16 figures.
2. The 2019 figures in the graphs use the pre-IFRS 16 figures.
2019 full year financial highlights:
- 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
Annual and Interim Reports
