2024 Interim Results

About this update from Chesterfield Special Cylinders Holdings Plc

[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, (\"MAR\"), and is disclosed in accordance with the Group's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.\n\n25 June 2024\n Pressure Technologies plc\n(\"Pressure Technologies\", the \"Company\" or the \"Group\")\n \n2024 Interim Results\n \nPressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce its unaudited interim results for the 26 weeks to 30 March 2024.\n \nFinancial Highlights\n\n\n\n\n●    \n\n\nGroup revenue of £15.0 million (2023: £13.8 million)\n\n\n\n\n●    \n\n\nGross profit of £3.2 million at 22% margin (2023: £3.7 million at 27% margin)\n\n\n\n\n●    \n\n\nAdjusted EBITDA1 of £0.1 million (2023: EBITDA of £0.3 million)\n\n\n\n\n●    \n\n\nAdjusted operating loss2 of £0.7 million (2023: loss of £0.5 million)\n\n\n\n\n●    \n\n\nReported loss before tax of £1.2 million (2023: loss of £1.4 million)\n\n\n\n\n●    \n\n\nReported basic loss per share of 3.2p (2023: loss per share of 3.9p) and Adjusted basic loss per share3 of 2.7p (2023: loss per share of 2.3p)\n\n\n\n\n●    \n\n\nNet debt4 of £3.3 million (2023: £3.7 million; 30 September 2023: £2.4 million); Net borrowings, excluding asset finance and right of use asset lease liabilities, of £0.9 million (2023: £0.9 million; 30 September 2023: £nil)\n\n\n\n\n1 Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation and other exceptional costs\n2 Adjusted operating loss is operating loss before amortisation and other exceptional costs\n3 Adjusted basic loss per share is reported earnings per share before amortisation and other exceptional costs\n4 Net debt comprises cash and cash equivalents, borrowings, asset finance lease liabilities and right of use asset lease liabilities\n \nGroup Highlights\n\n\n\n\n●    \n\n\nResili...

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