2018-19
Interim results presentation 2018/19 - February 2019
Highlights
- Order intake good at £202m, compared to £238m in HY 2017/18
- Order book increased to £302m, up £7m on June 2018
- Revenue up 4% to £188m on HY 2017/18
- Underlying PBT up 1% to £15.3m on HY 2017/18
- Strong order intake in High-Performance Vehicles and Defence, with a well-diversified order mix overall
- Good performance in Rail, Energy & Environment, Defence, Performance Products and Software have fully offset weaknesses in our European and US Automotive businesses, demonstrating the importance of diversification across sectors and geographies
- Strong cash performance with neutral working capital and net debt at £27.5m, compared to £26.1m at June 2018
- Interim dividend increased by 4% to 6.00p from 5.75p
- Acknowledging the uncertain economic climate, we remain positive due to a good order book and diverse pipeline, the recently signed long-term McLaren programme, and deliveries of ABS kits now underway