FINANCIAL HIGHLIGHTS
|
Six months to 1 July 2016 |
Six months to 30 June 2015 |
Change |
|
|
|
|
|
|
|
Revenue |
£366.6m |
£331.7m |
+10.5% |
|
Underlying operating profit |
£57.7m |
£50.4m |
+14.5% |
|
Underlying profit before tax |
£52.4m |
£47.4m |
+10.5% |
|
IFRS profit before tax |
£32.6m |
£14.8m |
+120.3% |
|
Underlying earnings per share |
58.1p |
52.2p |
+11.3% |
|
Interim dividend per share |
14.2p |
13.8p |
+2.9% |
First half performance in line with expectations
Organic revenue performance improved to -2.5% (2015: -11.9%)
Underlying operating margin of 15.7% (2015: 15.2%)
Order book of £785.7m, up from £753.8m at start of 2016
Cash conversion improved to 67% (2015: 31%)
First disposal announced in period after Group portfolio review
S3 initiative on track
Herley acquisition performing well and integration ahead of schedule
