Business
Essentra plc Full Year 2017 Results
Essentra plc Full Year 2017 Results.
About this update from Essentra Plc
[{"type":"text","content":"\n \nRNS Number : 4737G Essentra plc 02 March 2018 \n\n \nESSENTRA PLC\n(\"the Company\")\nA leading global provider of essential components and solutions\nRESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2017\n\"STABILITY SUCCESSFULLY RESTORED, STRATEGY IMPLEMENTATION WELL UNDERWAY\"\n \nSummary:\n· FY 2017 reflects an improved revenue trend in H2 versus H1, as previously communicated.\n− Revenue decrease of 2.0% on a like-for-like1 basis. \no Continued strong result in Component Solutions.\no Material H2 improvement in growth in Filter Products.\no Continued decline in Health & Personal Care Packaging.\n− Adjusted operating profit2, 4 down 26.8% (at constant FX) to £85m. \n− Basic adjusted EPS2, 4 lower by 30.1% (at constant FX) to 22.1p. \n· Net debt of £211m (31 December 2016: £379m).\n− Net debt to EBITDA reduced to 1.7x on a continuing basis (31 December 2016: 2.3x).\n− Strong operating cash conversion3, 4 of c. 95%.\n· Full year dividend unchanged at 20.7p per share.\n· Significant improvement in all aspects of business stability, and strategic implementation underway.\nResults at a glance:\n\n\n\n\n\n\n\nFY 2017\n\n\nFY 2016\n\n\n% change Actual FX\n\n\n% change Constant FX\n\n\n\n\nRevenue - cont.4\n\n\n£1,027m\n\n\n£999m\n\n\n+3\n\n\n-2\n\n\n\n\nAdjusted2 operating profit - cont.4\n\n\n£85m\n\n\n£109m\n\n\n-22\n\n\n-27\n\n\n\n\nAdjusted2 pre-tax profit - cont.4\n\n\n£74m\n\n\n£96m\n\n\n-23\n\n\n-28\n\n\n\n\nAdjusted2 net income5 - cont.4\n\n\n£59m\n\n\n£77m\n\n\n-23\n\n\n-29\n\n\n\n\nAdjusted2 basic earnings per share - cont.4\n\n\n22.1p\n\n\n29.2p\n\n\n-24\n\n\n-30\n\n\n\n\nDividend per share\n\n\n20.7p\n\n\n20.7p\n\n\n-\n\n\nn/a\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReported operating profit / (loss) - cont.4\n\n\n£6m\n\n\n£(50)m\n\n\nn/a\n\n\nn/a\n\n\n\n\nReported pre-tax (loss) - cont.4\n\n\n£(5)m\n\n\n£(63)m\n\n\nn/a\n\n\nn/a\n\n\n\n\nReported net income / (loss)5 - total\n\n\n£116m\n\n\n£(40)m\n\n\nn/a\n\n\nn/a\n\n\n\n\nReported basic earnings / (loss) per share - total\n\n\n43.7p\n\n\n(15.4)p\n\n\nn/a\n\n\nn/a\n\n\n\n\n1 Excludes the impact of acquisitions, disposals and ...