Business
Preliminary Results
Preliminary Results.
About this update from Judges Scientific Plc
[{"type":"text","content":"\n \nRNS Number : 2060I Judges Scientific PLC 20 March 2018 \n\n20 March 2018\nJudges Scientific plc\n(\"Judges Scientific\", \"Judges\", the \"Company\" or the \"Group\")\nPRELIMINARY STATEMENT OF RESULTS \n \nJudges Scientific, a group involved in the buy and build of scientific instrument businesses, is pleased to announce its Preliminary Results for the year ended 31 December 2017.\n \nFinancial Highlights: \n \n· Revenues up 24.6% to a record £71.4 million (2016: £57.3 million), including 17.7% Organic* growth;\n· Adjusted** operating profit up 52% to £10.9 million (2016: £7.1 million);\no Statutory operating profit of £5.7 million (2016: £1.0 million); \n· Adjusted** basic earnings per share up 56% to 131.9p (2016: 84.8p);\no Statutory basic earnings per share of 65.6p (2016: 1.0p); \n· Final dividend of 22p, totalling 32p for the year, an increase of 16%; covered 4 times by adjusted earnings;\n· Organic* order intake up 16% compared with 2016;\n· Organic* order book at 16.6 weeks (1 January 2017: 14.8 weeks);\n· Cash generated from operations of £10.9 million (2016: £6.2 million);\n· Adjusted** net debt of £8.0 million as at 31 December 2017 (31 December 2016: £9.9 million);\no Statutory net debt of £7.6 million at 31 December 2017 (31 December 2016: £8.6 million);\n· Cash balances of £10.7 million as at 31 December 2017 (31 December 2016: £7.9 million).\n \nStrategic Highlights\n· Acquisition of Oxford Cryosystems by Bordeaux on 18 July 2017 for £5.1m cash (including earn-out); \n· Increase in Judges' shareholding in Bordeaux to 75.5%.\n \n* Organic describes the performance of the Group including businesses acquired prior to 1 January 2016.\n** Adjusted earnings figures exclude adjusting items relating to amortisation of intangible assets, acquisition-related costs, share based payments and hedging of risks materialising after the end of the year. Adjusted net debt includes acquisition-related liabilities and excludes sub...