Interim results & presentation 2021/22 - February 2022

Strong order intake up 16% compared to HY 2020/21 and underlying operating cash conversion of 162%, providing good momentum for the second half.


  • Overall trading in line with the Board’s expectations
  • Strong order intake of £210.6m, a 16% increase, driven by accelerating environmental trends across all the segments
  • Revenue up 13% at £185.5m with improved performance in all segments at constant currency
  • Good order intake and revenue growth in A&I signalling inflection point towards sustainable profitability
  • Underlying operating profit up 42% at £10.5m
  • Strong underlying operating cash conversion of 162%
  • Net debt reduction to £39m creating opportunities to invest for growth
  • Interim dividend of 2.91p declared