Interim results presentation 2019/20 - February 2020


  • Order intake and revenue both up 3% on HY 2018/19 to £208.6m and £192.9m, respectively
  • Underlying profit before tax (‘PBT’) up 5% to £16.0m on HY 2018/19
  • Strong growth in Energy & Environment (‘E&E’) and Defense, together with our newly acquired Rail and E&E businesses in Australia, has more than offset continuing pressures in the global automotive sector
  • Acquired businesses have been integrated and are performing well
  • Good order intake at £208.6m, compared to £201.9m in HY 2018/19
  • Order book increased to £319.4m, up £5.6m on June 2019
  • Net debt at £73.8m (June 2019: £47.4m) predominantly reflecting purchase of the Detroit facility and the acquisition of PLC Consulting. Underlying cash conversion of 80.8%
  • Interim dividend increased by 4% to 6.24p from 6.00p
  • Full year outlook impacted by further automotive slowdown and Coronavirus