Rotork p.l.c. 2012 Half Year Results
| HY 2012 | HY 2011 | % change | OCC *2 % change | |
| Revenue | £245.9m | £199.4m | +23.3% | +17.1% |
| Adjusted*1 operating profit | £61.7m | £50.3m | +22.8% | +17.0% |
| Profit before tax | £58.1m | £49.6m | +17.2% | +16.9% |
| Adjusted*1 profit before tax | £61.7m | £50.7m | +21.9% | +16.2% |
| Basic earnings per share | 47.8p | 40.9p | +16.9% | +17.1% |
| Adjusted*1 basic earnings per share | 50.8p | 41.7p | +21.8% | +16.5% |
| Interim dividend | 16.40p | 14.50p | +13.1% |
Key Points
- Record first-half revenue and profit in each division
- Order intake up 18.2%
- Order book at a record high of £177.7m, up 13.0% from December
- Successful integration of 2011 acquisitions
- New product launches in each division, including IQ3 in Controls
- Continued investment for growth
- Interim dividend increased by 13.1%
Peter France, Chief Executive, commenting on the results, said:
"Rotork has continued to perform well during these challenging economic conditions. Order intake, revenue and profit are at record levels. We continue to invest in our infrastructure, product development and sales coverage to support the longer term growth projections of the business and our continued expansion into the wider flow control market.
Whilst recognising the challenging economic environment, our record order book and diverse end market exposure provide the Board with confidence of achieving further progress in the full year. We are anticipating, as in previous years, that the Group's performance in 2012 will be weighted towards the second half and that margins will remain similar to those seen in 2011."
