Business
2015 Full Year Results
2015 Full Year Results.
About this update from Eurocell Plc
[{"type":"text","content":"\n \nRNS Number : 2437S Eurocell plc 16 March 2016 \n\nEurocell plc\n \n2015 Full Year Results\nROBUST PERFORMANCE, STRONG PROFITABILITY IN LINE WITH EXPECTATIONS\n\n \n\n \n16 March 2016\n \nEurocell PLC, a market leading, vertically integrated UK manufacturer and distributor of innovative window, door and roofline PVC products, today announces its results for the year ended 31 December 2015\n \n\n\n\n\n \n\n\n2015\n\n\n2014\n\n\n \n\n\n\n\n \n\n\n£'000\n\n\n£'000\n\n\n% change\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue \n\n\n175,947\n\n\n173,093\n\n\n1.6%\n\n\n\n\nGross margin %\n\n\n51.7%\n\n\n48.3%\n\n\n3.4ppt\n\n\n\n\nAdjusted EBITDA(1) \n\n\n29,731\n\n\n26,068\n\n\n14.1%\n\n\n\n\nAdjusted PBT(2) \n\n\n23,019\n\n\n17,846\n\n\n29.0%\n\n\n\n\nPBT \n\n\n19,696\n\n\n16,743\n\n\n17.6%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdjusted basic EPS (pence)(3)\n\n\n18.60\n\n\n12.97\n\n\n43.3%\n\n\n\n\nBasic EPS (pence)\n\n\n15.51\n\n\n11.91\n\n\n30.2%\n\n\n\n\nInterim dividend per share paid (pence)\n\n\n2.7p\n\n\n-\n\n\n-\n\n\n\n\nRecommended final dividend per share (pence)\n \n\n\n5.2p\n\n\n-\n\n\n-\n\n\n\n\nCash generated from underlying operations \n\n\n29,591\n\n\n21,149\n\n\n40.0%\n\n\n\n\nUnderlying operating cash conversion %(4) \n\n\n99.5%\n\n\n81.1%\n\n\n18.4ppt\n\n\n\n\nNet debt \n\n\n(25,871)\n\n\n(35,522)\n\n\n(27.2%)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNotes\n(1) Adjusted EBITDA represents earnings before interest, tax, depreciation, amortisation and non-recurring costs\n(2) Adjusted PBT represents profit before tax and non-recurring costs\n(3) Adjusted basic EPS excludes non-recurring costs\n(4) Underlying operating cash conversion is cash generated from underlying operations as a % of adjusted EBITDA\n \nHighlights\n§ Performance in-line with consensus forecasts with strong gross profit and EBITDA improvements \n§ Revenue growth of 1.6% despite the widely reported slow-down in Repair, Maintenance and Improvement ('RMI') market\n§ Strong margin and profit growth driven by improved manufacturing performance, enhanced procurement, incre...