Five year record
The summary below shows how we have performed over the last five years.
To get a better understanding of these results please go to the RNS section or our latest news section
| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Revenue | £161.4m | £186.5m | £197.6m | £209.0m | £200.2m |
| GP margin | 29.7% | 31.1% | 30.5% | 30.0% | 27.5% |
| Underlying operating profit* | £16.8m | £21.0m | £22.7m | £24.2m | £18.1m |
| Underlying operating profit margin | 10.4% | 11.3% | 11.5% | 11.6% | 9.0% |
| Operating profit | £13.9m | £17.9m | £19.0m | £17.1m | £4.1m |
| Operating profit margin | 8.6% | 9.6% | 9.6% | 8.2% | 2.0% |
| Underlying EBITDA* | £18.2m | £22.9m | £24.7m | £26.4m | £23.5m |
| Underlying PBT* | £16.0m | £20.5m | £22.2m | £23.5m | £17.1m |
| PBT | £13.1m | £17.3m | £18.5m | £16.4m | £3.0m |
| ROCE % | 18.5% | 19.9% | 20.1% | 18.8% | 12.0% |
| Total dividend per share | 2.80p | 3.50p | 3.85p | 4.25p | 1.20p |
| Dividend increase % | 33.3% | 25.0% | 10.0% | 10.4% | (71.8%) |
| Dividend cover | 3.6× | 3.7× | 3.6× | 3.4× | 8.8× |
| Underlying diluted EPS* | 9.99p | 12.82p | 13.78p | 14.53p | 10.54p |
| Diluted EPS | 8.50p | 10.40p | 12.20p | 9.90p | (0.19)p |
| Adjusted net debt/(cash)^ | £16.0m | £6.4m | £7.4m | £14.2m | £15.2m |
| Cash conversion % of underlying EBITDA* | 88.9% | 97.3% | 68.1% | 64.9% | 95.9% |
| Share price at 31 March | 127p | 211p | 255p | 193p | 95p |
* Before separately disclosed items which are shown in the financial statements
^ Presented after adoption of IFRS16 Leases in FY2020. For underlying EBITDA and underlying EBITDA%, the impact has been an increase of £3.5m and 170bps at CER (before IFRS16: £20.0m and 10.0%) and £3.5m and 170bps at AER (before IFRS16: £20.0m and 10.0%). For ROCE the impact has been a reduction of 100bps (before IFRS16: 13.0%).
Investing for growth
Since 2016, the business has been carefully investing in plant & machinery to increase capacity & efficiency as well as into key personnel and processes to capitalise upon the opportunities for growth globally.
Project Atlas is a significant planned investment into the integration and development of the Group’s business platform and underlying processes. This project is considered an essential part of our ongoing growth plans, both organic and acquisitive, and will allow us to continue to meet the evolving needs of our multinational OEM customers.
The four key drivers for this investment are:
- Supporting our core strategy – underpinning our ongoing growth plans and allowing us to differentiate ourselves in our core markets
- Operational efficiencies and integration – driving efficiency gains, increased automation and lowering operational gearing to support our ongoing growth story
- Improving our management information and data management – leading to better decision making, more globalised supplier management and a more proactive approach to opportunities and challenges
- Building an adaptable, scalable, stable environment – flexible, rapidly deployable and widely supported systems and processes that will form the backbone of our growing global business
To Read more view our HY2020 report and 2019 full year results
