Business
Preliminary Results
Preliminary Results.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n \nRNS Number : 1938G Acal PLC 04 June 2013 \n \n\nFOR RELEASE, 7:00AM, 4 June 2013\n \n \n \nACAL plc\n \nPreliminary Results for the year ended 31 March 2013\n \nSuccessful strategy continues to make progress in challenging markets\n \n \nAcal plc (LSE: ACL, \"Acal\" or \"The Group\"), a leading European specialist electronics supplier, today announces its preliminary results for the year ended 31 March 2013. \n \n\n\n\n\n\n\n\nFY 2012/13\n\n\nFY 2011/12\n\n\nCER \n growth(2)\n\n\nCER ongoing growth(3)\n\n\n \n\n\n\n\n \nRevenue \n\n\n \n£219m\n\n\n \n£258m\n\n\n \n-12% \n\n\n \n-5%\n\n\n\n\n\n \n\n\n\n\n \nGross Profit\n\n\n \n£67.9m\n\n\n \n£77.9m\n\n\n \n-10%\n\n\n \n-4%\n\n\n \n \n\n\n \n\n\n\n\n \nUnderlying Operating Profit(1)\n\n\n \n£6.9m\n\n\n \n£8.1m\n\n\n \n-9%\n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \nUnderlying Profit before Tax(1)\n\n\n \n£6.3m\n\n\n \n£7.2m\n\n\n \n-6%\n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \nPBT (excluding loss on disposal)(4)\n\n\n \n£2.0m\n\n\n \n£2.7m\n\n\n \n \n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \n(Loss)/Profit before tax\n\n\n \n(£3.1)m\n\n\n \n£2.7m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nUnderlying Diluted EPS(1)\n\n\n \n17.5p\n\n\n \n19.9p\n\n\n \n-6%\n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \nFully Diluted EPS\n\n\n \n(6.3)p\n\n\n \n7.1p\n\n\n \n \n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \nFull year dividend per share\n\n\n \n8.5p\n\n\n \n8.0p\n\n\n \n+6%\n\n\n \n \n\n\n \n \n\n\n\n\n\n\n\n \n \nFinancial highlights\n \n· Stronger second half with Electronics orders up 9%(2) from first half, and sales up 3%(2)\n· Further market share gains; 7ppts ahead of market \n· Gross margin up 0.8ppts to 31.0% reflecting highly differentiated market approach\n· Underlying operating costs down 10%(2) reflecting continued tight control\n· Maintained unde...