Ricardo plc is a global engineering and strategic, technical and environmental consultancy business with a value chain that includes the niche manufacture and assembly of high-performance products. We employ over 2,700 professional engineers, consultants, scientists and support staff to deliver class-leading and innovative products and services for the benefit of our customers, which include the world's major transportation original equipment manufacturers and operators, supply chain organisations, energy companies, financial institutions and government agencies.
(1) Excluding specific adjusting items of £3.9m (2014: £1.1m), which comprise amortisation of acquired intangible assets and acquisition-related costs (see Note 3). Including specific adjusting items, reported profit before tax was £22.9m (2014: £23.5m) and reported basic earnings per share was 35.6p (2014: 36.9p).
Commenting on the results, Dave Shemmans, Chief Executive Officer said: "As we celebrate our centenary year we have delivered a good set of financial results with revenue and profit growth, cash generation and a diverse portfolio of projects. Our strategy is focused on global engineering and environmental consulting and the development of longer-term, multi-year contracts and relationships, underpinned by global macro trends.
"This has been an important year for the business, highlighted by our acquisitions and reorganisation around key growth business units. In addition to the four completed acquisitions, we have established Ricardo Defense Systems in the US, which will enable us to access higher level security programmes from the US Defense Administration and we have also established Ricardo Innovations, which enables us to develop technology more quickly.
"Our vision is to become a world-leading global engineering and environmental consultancy business. Our order book and financial position provide a good platform for future growth and the delivery of this vision."
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