Business
Half year results to 30 April 2023
Half year results to 30 April 2023.
About this update from Chemring Group Plc
[{"type":"text","content":"\n\n CHEMRING GROUP PLC 6 JUNE 2023\n(\"Chemring\" or \"the Group\" or \"the Company\")\n \nINTERIM RESULTS FOR THE SIX MONTHS TO 30 APRIL 2023\nRecord order book, full year expectations unchanged, strong long-term prospects\n \n\n\n\n\n\n\n\nAs reported\n\n\nAt H1 2022 exchange rates\n\n\n\n\n\n\n\n\n\n\nH1 2023\n\n\nChange\n\n\nH1 2023\n\n\nChange\n\n\nH1 2022\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\nOrder intake (£m)\n\n\n338.2\n\n\n+81%\n\n\n338.6\n\n\n+82%\n\n\n186.4\n\n\n\n\nRevenue (£m)\n\n\n212.1\n\n\n-4%\n\n\n210.2\n\n\n-5%\n\n\n220.4\n\n\n\n\nUnderlying EBITDA*(£m)\n\n\n35.7\n\n\n-17%\n\n\n35.9\n\n\n-16%\n\n\n42.8\n\n\n\n\nUnderlying operating profit* (£m)\n\n\n26.6\n\n\n-21%\n\n\n27.0\n\n\n-19%\n\n\n33.5\n\n\n\n\nUnderlying profit before tax* (£m)\n\n\n25.6\n\n\n-23%\n\n\n26.0\n\n\n-21%\n\n\n33.1\n\n\n\n\nUnderlying basic earnings per share* (pence)\n\n\n7.7\n\n\n-29%\n\n\n7.8\n\n\n-28%\n\n\n10.8\n\n\n\n\nStatutory operating profit (£m)\n\n\n23.0\n\n\n-22%\n\n\n23.4\n\n\n-20%\n\n\n29.3\n\n\n\n\nInterim dividend per share (pence)\n\n\n2.3\n\n\n+21%\n\n\n2.3\n\n\n+21%\n\n\n1.9\n\n\n\n\nNet debt at 30 April (£m)\n\n\n25.0\n\n\n+35%\n\n\n24.7\n\n\n+34%\n\n\n18.5\n\n\n\n\nOrder book (£m)\n\n\n749.5\n\n\n+54%\n\n\n765.1\n\n\n+57%\n\n\n488.1\n\n\n\n\n \nHighlights\n\n\n\n\n· H1 2023 was in line with the Board's expectations. As previously announced, delays to order intake in 2022 following the extended US Continuing Resolution have resulted in a heavier weighting of trading performance and cash generation expected in the se...