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Results Centre

RESULTS FOR THE SIX MONTHS TO 30 APRIL 2017

  • Operational and financial performance continues to progress in line with expectations, with improved first half weighting delivering underlying operating profit of £17.2m
  • Net debt increased since year end to £111.7m reflecting investment in working capital in Energetics segment and improvements to supplier payment practices
  • Safety performance continues to be strong
  • Operational Excellence Programme underway with initiatives launched in support of lean operations, supply chain management, integrated sales and marketing operations and safety maturity
  • Site consolidation restructuring programme on schedule
  • Key US programmes continue to develop, with significant achievements on F-35 and HMDS programmes
  • Return on sales improved to 6.9% (H1 2016: 2.1%), driven by greater operational consistency across the Group
  • Order intake in H1 of £217.9m (H1 2016: £173.8m). Order book at half year £556.2m (FY 2016: £592.9 m), of which approximately £260m is currently expected to be recognised as revenue in H2 2017, representing cover of approximately 85% of expected H2 revenues
  • Board declared interim dividend of 1.0p per share (H1 2016: nil)

Results Presentation

Interim Results for the six months to 30 April 2017

ANNUAL REPORT

Annual Report and Accounts 2016

FINANCIAL CALENDAR

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