Business
Preliminary Results for the year ended 31 Dec 2019
Preliminary Results for the year ended 31 Dec 2019.
About this update from Eurocell Plc
[{"type":"text","content":"\n \n \n RNS Number : 0158G\n Eurocell plc\n 13 March 2020\n \n \n \n \n 13 March 2020\n \n \n EUROCELL PLC (Symbol: ECEL)\n \n \n PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019\n \n \n Strong sales growth and good progress with plans to drive operating efficiency\n \n \n \n \n \n Eurocell plc is a market leading, vertically integrated UK manufacturer, distributor and recycler of innovative window, door and roofline PVC building products\n \n \n \n \n \n \n \n \n \n \n 2019 \n \n \n \n (pre-IFRS 16\n \n \n \n 1\n \n \n \n )\n \n \n \n \n \n 2018\n \n \n \n \n Change\n \n \n \n \n 2019\n \n \n (Reported)\n \n \n \n \n \n \n Key financial performance measures\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue (£ million)\n \n \n \n \n 279.1\n \n \n \n \n 253.7\n \n \n \n \n 10%\n \n \n \n \n 279.1\n \n \n \n \n \n \n Gross margin %\n \n \n \n \n 51.2\n \n \n \n \n 49.5\n \n \n \n \n 170bps\n \n \n \n \n 51.2\n \n \n \n \n \n \n Adjusted EBITDA (3) (£ million) (2)\n \n \n \n \n 31.7\n \n \n \n \n 30.3\n \n \n \n \n 5%\n \n \n \n \n 42.4\n \n \n \n \n \n \n Adjusted profit before tax (£ million) (2)\n \n \n \n \n 23.1\n \n \n \n \n 22.5\n \n \n \n \n 3%\n \n \n \n \n 22.7\n \n \n \n \n \n \n Adjusted basic earnings per share (pence) (2)\n \n \n \n \n 19.7\n \n \n \n \n 19.1\n \n \n \n \n 3%\n \n \n \n \n 19.3\n \n \n \n \n \n \n Other statutory accounting measures\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit before tax (£ million)\n \n \n \n \n 23.1\n \n \n \n \n 22.1\n \n \n \n \n 5%\n \n \n \n \n 22.7\n \n \n \n \n \n \n Basic earnings per share (pence)\n \n \n \n \n 19.7\n \n \n \n \n 19.6\n \n \n \n \n 1%\n \n \n \n \n 19.3\n \n \n \n \n \n \n Total dividends per share (pence)\n \n \n \n \n 9.6\n \n \n \n \n 9.3\n \n \n \n \n 3%\n \n \n \n \n 9.6\n \n \n \n \n \n \n Capital investment (£ million)\n \n \n \n \n 15.2\n \n \n \n \n 8.7\n \n \n \n \n 6.5\n \n \n \n \n 15.2\n \n \n \n \n \n \n Net debt (£ million) (4)\n \n \n \n \n 34.6\n \n \n \n \n 23.5\n \n \n \n \n (11.1)\n \n \n \n \n 68.7\n \n \n \n \n \n \n Financial Highlights\n \n \n · \n Continuing successful deployment of commercial strategies:\n \n \n - \n Strong sales growth of 10% (8% excluding acquisitions)\n \n \n - \n Gross margin up 170bp...