Ricardo 2017 final results
Record order book at £248m, strong order intake at £366m and revenue up 6% to £352m;
Resilient performance across the business with underlying profit before tax at £38.3m in line with expectations, despite disrupted flow of orders in Automotive;
Good performance from Energy & Environment, Rail and Performance Products;
Good order flow in Automotive engines and hybrid/EV - with the latter 17% of Group order intake;
Underlying basic earnings per share at 55.7p;
Net debt of £37.9m after £4.4m of net acquisition-related payments;
Full year dividend up 7% to 19.3p per share;
Acquisition of Exnovo completed in the year, with Control Point completed post year-end; and
Outlook remains positive, good platform for growth.
