Business
Results for the year ended 31 December 2020
Results for the year ended 31 December 2020.
About this update from Billington Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2035V\n Billington Holdings PLC\n 13 April 2021\n \n \n \n \n 13 April \n 2021\n \n \n \n Billington Holdings Plc\n \n \n \n (\"Billington\" or the \"Company\" or the \"Group\")\n \n \n Results for the year ended 31 December 2020\n \n \n \n \n \n Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, announces its audited results for the year ended 31 December 2020.\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n 31 December 2020\n \n \n \n \n 31 December 2019\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n \n £66.0m\n \n \n \n \n £104.9m\n \n \n \n \n -37.1%\n \n \n \n \n \n \n EBITDA\n \n \n \n \n £3.6m\n \n \n \n \n £7.8m\n \n \n \n \n -53.8%\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n £1.7m\n \n \n \n \n £5.9m\n \n \n \n \n -71.2%\n \n \n \n \n \n \n Cash and cash equivalents\n \n \n \n \n £15.1m\n \n \n \n \n £17.9m\n \n \n \n \n -15.6%\n \n \n \n \n \n \n Earnings per share from continuing operations\n \n \n \n \n 11.3p\n \n \n \n \n 39.8p\n \n \n \n \n -71.6%\n \n \n \n \n \n \n \n \n \n · \n As a consequence of the impact of the Covid-19 pandemic, combined with completing a number of large projects in 2019, revenue decreased by 37.1 per cent to £66.0 million for the Group (2019: £104.9 million)\n \n \n \n \n \n · \n The Group remained profitable, but profit before tax decreased 71.2 per cent to £1.7 million (2019: £5.9 million) \n \n \n \n \n \n · \n Strong cash balance of £15.1 million (31 December 2019: £17.9 million)\n \n at the year end with an average gross cash balance of \n £15.3 million (2019: £10.7 million)\n throughout 2020\n \n \n \n \n \n · \n Dividend payments resumed with a dividend of 4.25 pence a share proposed - covered 2.66 times by earnings\n \n \n \n \n \n · \n Order book for structural steel activities was 75 per cent higher at the year end relative to 31 December 2019\n \n \n \n \n \n ·\n Current market outlook remains competitive as a result of the continuing impact of Covid-19, but significant contracts secured for 2021, with a good pipeline of future opportunities\n \n \n \n \n \n \n \n \n Mark Smith, Chief Executive Officer, commented:\n \n \n \n \n \"A...