Business
Final Results
Final Results.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n \nRNS Number : 3153J Creston PLC 11 June 2014 \n \n\n11 June 2014\n \nCreston plc\n('Creston' or the 'Group')\n \nUnaudited Full Year Results for the Year Ended 31 March 2014\n \nCreston plc (LSE: CRE), the international marketing communications group, today announces its full year results for the year ended 31 March 2014. \n \nFinancial Highlights\n \n· Revenue of £74.9 million (2013: £75.2 million)\n· Headline1 EBITDA2 of £11.6 million (2013: £12.0 million)\n· Headline PBIT3 of £9.8 million (2013: £10.2 million)\n· Headline DEPS4 of 11.79 pence (2013: 14.66 pence). FY13 included the £1.7m tax provision release \n· Total full year dividend up 6 per cent to 3.90 pence per share (2013: 3.67 pence per share)\n· Net cash of £7.5 million (2013: £11.2 million)\n \nCorporate and Operational Highlights\n \n· Positive second half versus prior year with revenue and Headline PBIT growth of 3 per cent and 7 per cent respectively\n· Digital and online revenue up 10 per cent in absolute terms to 53 per cent of Group revenue, surpassing 50 per cent target of Group revenue one year early (2013: 48 per cent)\n· Net new business revenue of £8.6 million with wins including: Bentley, British Chambers of Commerce, GAVI Alliance, HSBC, Novartis, Sony PlayStation and Virgin Trains \n· New Non-Executive Chairman and CEO \n· New CFO, Kathryn Herrick, to start on 1 July 2014\n· Post period acquisition of niche, market-leading neuroscience specialist, Walnut Group\n \n \nCommenting on the results, Barrie Brien, Group Chief Executive of Creston plc, said:\n\"It has been a year of good progress, despite challenges with client budget volatility at the beginning of the financial year. At full year we were slightly down in revenue and profits on the previous year but a high level of new business pitching in the first half translated into good revenue and profit growth for the second half year-on-year. The increase in dividend reflects this positive momentum.\n \nWe also completed our co-location to help drive greater shared working, launched new...