ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012
Laird PLC today announces results for the financial year ending 31 December 2012. Laird is a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable wireless connectivity through wireless applications and antennae systems.
Highlights
Financial:
Revenue from continuing operations of £520.2 million, up 6% on 2011
Underlying profit before tax of £60.7 million, up 17%
Profit before tax from continuing operations £45.1 million, up 54%
Improvement in operating margin to 13.1% (2011, 11.9%)
Full year underlying earnings per share of 19.1 pence, up 18%
Statutory basic earnings per share 17.5 pence (2011, (44.8) pence)
Final dividend per share declared of 6.6 pence (2011, 5.3 pence). Total 2012 dividend of 10.0 pence, in-line with previously announced dividend recommendations (2011, 8.0 pence)
Cash conversion of 109% (2011, 104%)
