Business
Preliminary Results for the Year Ended 31 December
Preliminary Results for the Year Ended 31 December.
About this update from Johnson Service Group Plc
[{"type":"text","content":"\n \nRNS Number : 9810F Johnson Service Group PLC 27 February 2018 \n\n \n27 February 2018\nAIM: JSG\nJohnson Service Group PLC\n('JSG' or 'the Group')\n \nPreliminary Results for the Year Ended 31 December 2017\n \n\"Strong financial performance and established growth platform\"\n \n \nFINANCIAL HIGHLIGHTS: STRONG PERFORMANCE\n\n\n\n\nContinuing Operations\n\n\n2017\n\n\n2016\n\n\n Increase\n\n\n\n\nAdjusted Results1\n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n£290.9m\n\n\n£256.7m\n\n\n13.3%\n\n\n\n\nAdjusted operating profit\n\n\n£43.3m\n\n\n£37.7m\n\n\n14.9%\n\n\n\n\nAdjusted profit before taxation\n\n\n£39.7m\n\n\n£33.8m\n\n\n17.5%\n\n\n\n\nAdjusted diluted earnings per share\n\n\n8.7p\n\n\n7.6p\n\n\n14.5%\n\n\n\n\nDividend\n\n\n2.8p\n\n\n2.5p\n\n\n12.0%\n\n\n\n\nNet debt2\n\n\n£91.3m\n\n\n£98.2m\n\n\n-\n\n\n\n\nStatutory Results\n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating profit \n\n\n£34.8m\n\n\n£29.8m\n\n\n16.8%\n\n\n\n\nProfit before taxation \n\n\n£31.2m\n\n\n£25.9m\n\n\n20.5%\n\n\n\n\nDiluted earnings per share\n\n\n6.9p\n\n\n5.9p\n\n\n16.9%\n\n\n\n\n \n \n§ Strong financial performance reflects organic revenue growth of 5.1%3 and successful delivery of earnings from acquisitions\n \n§ Net debt to adjusted EBITDA ratio of 1.6x (2016: 1.8x) demonstrates the impact of the Group's strong cash flows\n \n§ Board recommends a 11.8% increase in final dividend to 1.9 pence per share (2016: 1.7 pence) which together with the interim dividend, takes the total dividend for the y...