Business
Unaudited Interim Results
Unaudited Interim Results.
About this update from Lpa Group Plc
[{"type":"text","content":"\n\n \nLPA Group Plc\n(\"LPA\", the \"Company\" or the \"Group\")\n Interim Unaudited Group Results for the six months ended 31 March 2024\n \nLPA Group plc (\"LPA\" or the \"Group\"), the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announces its results for the six months to 31 March 2024.\n \nKEY POINTS\n \n\n\n\n\n\n\n\n6 months to\n31 March 2024\n\n\n6 months to\n31 March 2023\n\n\nYear to\n30 Sept 2023\n\n\n\n\n\n\n\nUnaudited\n\n\nUnaudited\n\n\nAudited\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOrder Entry\n\n\n£8.0m\n\n\n£16.2m\n\n\n£25.5m\n\n\n\n\nOrder Book\n\n\n£28.0m\n\n\n£34.9m\n\n\n£31.6m\n\n\n\n\nRevenue\n\n\n£11.6m\n\n\n£9.1m\n\n\n£21.7m\n\n\n\n\nUnderlying Operating Loss*\n\n\n£(0.3)m\n\n\n£(0.6)m\n\n\n£(0.1)m\n\n\n\n\nShare Based Payments, Negative Goodwill and Exceptional Items\n\n\n£(0.1)m\n\n\n£0.0m\n\n\n£0.8m\n\n\n\n\n(Loss) / Profit Before Tax\n\n\n£(0.4)m\n\n\n£(0.6)m\n\n\n£0.8m\n\n\n\n\nBasic (Loss) / Earnings Per Share\n\n\n(2.27)p\n\n\n(3.38)p\n\n\n6.52p\n\n\n\n\nProposed Dividend\n\n\nNil\n\n\nNil\n\n\n1p\n\n\n\n\nGearing **\n\n\n8.6%\n\n\n7.2%\n\n\n7.7%\n\n\n\n\n \n* Operating Profit before Share Based Payments, Negative Goodwill and Exceptional Items\n** Net Debt as a % of Total Equity\n \nRobert Horvath, Chairman, commented:\n \n\"I'm pleased to report that revenue is up by over 26% in the last six months compared to the equivalent period last year, notwithstanding challenging conditions.\n \nWe continue to make progress in strategically repositioning the Group and its customer base, with aviation now representing 26% of our business. Whilst the outlook for the second half of the year is challenging, given the delays on certain rail contracts as previously announced, we are confident in our long-term growth and delivering for our shareholders. We expect to deliver results for the full year in line with current market expectations.\"\n \n \n \nEnquiries:\n\n\n\n\nLPA Group plc\n\n\n+44 (0) 1799 512 800\n\n\n\n\nRobert B Horvath, Chairman\n\n\n\n\n\nwww.lpa-group.com\n\n\n\n\nStuart Stanyard, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited (NOMAD and Broker)\n\n\n+44 (0) 20 7220 0500\n\n\n\n\nEd Frisby / Abigail Kelly (Corporate Finance)\n\...