2023-2024

Interim results & presentation 2023/24- March 2024

Strong Sales Momentum Underpins Confidence for FY 23/24

Highlights

  • Record order book of £477m (HY 2022/23: £404m), up 18% on a constant currency basis
  • Strong growth and margin accretion in Energy and Environment (EE), Rail and Defense
  • Recent acquisitions, E3-Modelling and Aither Pty Ltd, performing well and accelerating growth
  • Group operating profit impacted by delayed customer orders in Automotive and Industrial (A&I) in H1
  • Operating profit margin to improve in H2 from accelerating our operating model transformation
  • Excellent cash conversion of 130% (HY 2022/23: 97%)
  • Interim dividend of 3.8p up 13%