Prelim Results 2022/23

  • A year of continued strong growth and transformation, delivering in line with the Board’s expectations.
  • Record order intake up 23% to £522m delivering a record year end order book of £395m.
  • Revenue from continuing operations increased by 17%, delivering four consecutive halves of continued growth.
  • Underlying operating profit from continuing operations increased by £6m and is on track to double in the five years from FY22 to FY27.
  • Environmental and Energy Transition portfolio performed well delivering double digit revenue growth and margin accretion.
  • Established Mobility portfolio continued to deliver good order and revenue growth providing resilience and increased visibility.
  • Structural changes implemented in the Established A&I business are focused on supporting operating profit performance improvements in FY 2023/24.
  • Two high growth high margin acquisitions completed.

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