Financial Highlights
|
|
2013 |
2012 |
|
|
Revenue |
£334.6m |
£337.4m |
-1% |
|
Adjusted operating profit |
£11.2m |
£10.3m |
+9% |
|
Operating margin |
3.4% |
3.0% |
+13% |
|
Adjusted profit before tax |
£10.7m |
£10.0m |
+7% |
|
Reported profit before tax |
£10.7m |
£8.4m |
+27% |
|
Adjusted earnings per share |
14.81p |
13.90p |
+7% |
|
Basic earnings per share |
14.33p |
7.91p |
+81% |
|
Dividend per share |
3.6p |
3.15p |
+14% |
Operational Highlights
Acquisition of Lewis Civil Engineering Limited for a cash consideration, including costs, of £8.2m
Engineering Services revenue up 9%, including organic growth of 6%,to £232.4m (2012: £214.1m)
Engineering Services revenue now accounts for 70% of Group revenue (2012: 63%)
Group order book up 26% to £416m (2012: £331m) with Engineering Services order book up 28% to £301m (2012: £235m)
Returned to a net cash position of £2.8m (2012: net debt £5.5m)
Final dividend increased by 19% to 2.5p (2012: 2.1p)
Commenting on the results, Roy Harrison OBE, Chairman said: "The Group has delivered another set of record results with strong cash generation and has confirmed its growth strategy in Engineering Services with another successful acquisition. Renew is now firmly positioned as a leading infrastructure support services group and, with a record order book secured, the Board is confident of delivering further profitable growth."
