Business
Results for the year ended 31 December 2020
Results for the year ended 31 December 2020.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8729R\n Fisher (James) & Sons plc\n 11 March 2021\n \n \n \n \n \n \n \n 11 March 2021\n \n \n \n \n \n \n \n \n James Fisher and Sons plc\n \n \n Results for the year ended 31 December 2020\n \n \n \n \n \n \n \n \n Results summary\n \n \n \n \n \n \n \n \n \n \n \n Underlying\n \n \n \n \n \n \n \n \n \n \n \n Statutory\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n % change\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n \n \n Group revenue\n \n \n \n \n \n \n \n \n \n \n \n £518.2m\n \n \n \n \n £617.1m\n \n \n \n \n (16)\n \n \n \n \n £518.2m\n \n \n \n \n £617.1m\n \n \n \n \n \n \n Operating profit / (loss)\n \n \n \n \n \n \n \n \n \n \n \n £40.5m\n \n \n \n \n £66.3m\n \n \n \n \n (39)\n \n \n \n \n £(43.5)m\n \n \n \n \n £55.6m\n \n \n \n \n \n \n Operating margin \n \n \n \n \n \n \n \n \n \n \n \n 7.8%\n \n \n \n \n 10.7%\n \n \n \n \n (2.9)pp\n \n \n \n \n (8.4)%\n \n \n \n \n 9.0 %\n \n \n \n \n \n \n Profit / (loss) before tax\n \n \n \n \n \n \n \n \n \n \n \n £31.5m\n \n \n \n \n £58.5m\n \n \n \n \n (46)\n \n \n \n \n £(52.5)m\n \n \n \n \n £47.8m\n \n \n \n \n \n \n Diluted earnings per share\n \n \n \n \n \n \n \n \n \n \n \n 47.9p\n \n \n \n \n 92.8p\n \n \n \n \n (48)\n \n \n \n \n (114.2)p\n \n \n \n \n 72.7p\n \n \n \n \n \n \n Dividend per share\n \n \n \n \n \n \n \n \n \n \n \n 8.0p\n \n \n \n \n 11.3p\n \n \n \n \n (29)\n \n \n \n \n 8.0p\n \n \n \n \n 11.3p\n \n \n \n \n \n \n Cash conversion\n \n \n \n \n \n \n \n \n \n \n \n 217%\n \n \n \n \n 99%\n \n \n \n \n 118pp\n \n \n \n \n 217%\n \n \n \n \n 99%\n \n \n \n \n \n \n Net borrowings\n \n \n \n \n \n \n \n \n \n \n \n £198.1m\n \n \n \n \n £230.4m\n \n \n \n \n (14)\n \n \n \n \n £198.1m\n \n \n \n \n £230.4m\n \n \n \n \n \n \n \n \n Key points:\n \n \n · \n Priority remains safety and wellbeing of employees and customers\n \n \n · \n Group faced dual challenges of Covid-19 and energy prices during the year\n \n \n · \n Swift management action taken to reduce costs, optimise cash flow and protect liquidity\n \n \n · \n Underlying operating profit of £40.5m, slightly ahead of November's guidance of £35m-£40m\n \n \n · \n Underlying operating margin resilient at 7.8% (2019: 10.7%)\n \n \n · \n Strong cash performance re...