Financial highlights
|
|
Year to 30 September 2013 |
Year to 30 September 2012 |
|
Revenue |
£192.3m |
£172.3m |
|
Headline pre-tax profit * |
£59.4m |
£53.0m |
|
Headline diluted earnings per share ** |
19.3p |
16.9p |
|
Profit before tax |
£43.9m |
£40.5m |
|
Diluted earnings per share |
14.0p |
12.8p |
|
Dividend per share |
7.0p |
6.5p |
|
Net cash |
£23.5m |
£13.0m |
Record results in stronger biennial year
Revenues up 12% to £192; Headline profits up 12% to £59.4m
Strong cash conversion at 112% of headline PBT
Group now firmly established in Asia - first step into China
Good trading conditions continue into 2014
£106m of revenues booked for 2014, in-line with the Board's expectations
Russell Taylor, CEO of ITE Group plc, commented:
"ITE has continued to expand its business this year through a mixture of organic and acquisition led growth. The Group has now firmly established itself in the Asian exhibition markets through its investments in ABEC in India, Tradelink and ECMI in Malaysia and, since the end of the financial year, in Sinostar in China. Good organic growth across our core portfolios in Russia and the CIS together with a strong biennial performance from the Moscow International Oil and Gas Exhibition have combined with the newly acquired businesses in Asia to deliver record financial and operating results.
ITE is well positioned in growth markets and the Board remains confident in ITE's growth prospects. As we enter the new financial year, trading is in line with our expectations and we are well placed to continue our growth, both organically and through selective acquisitions."
