Exova Group 2016 final Results

DividendMax Ltd.

Exova Group 2016 final Results

Strong revenue and earnings growth

Revenue up 10.8% at actual rates; 2.4% at constant currency

o (0.2)% organic growth at constant currency

o 5.5% organic growth excluding Oil & Gas and Industrials 

o 6.2% from acquisitions, partially offset by (3.6)% from disposals

Strong sector performance in Fire, Building Products & Certification, Aerospace, Health Sciences and Infrastructure & Environment

o Oil & Gas and Industrials continued to weaken and forward visibility remains poor

Three acquisitions adding to capability, Admaterials in Singapore, plus Jones Environmental Forensics and Insight NDT in the UK

Further reshaping of the Group with a move to a divisional organisational structure, plus two significant non-core business disposals, UK and Ireland Food, Water and Pharmaceuticals and Eastern Canada Environmental

Proposed final dividend of 2.35p per share (2015: 2.2p), making a full year dividend of 3.4p per share (2015: 3.2p)

Companies mentioned