Business
Preliminary results
Preliminary results.
About this update from Renew Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8879T Renew Holdings PLC 26 November 2013 \n \n\n\n \nRenew Holdings plc\n(\"Renew\" or the \"Group\")\n \nPreliminary results \n \nRenew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces record preliminary results for the year ended 30 September 2013.\n \nFinancial Highlights \n \n\n\n\n\n\n\n\n2013\n\n\n2012\n\n\n\n\n\n\n\nRevenue\n\n\n£334.6m\n\n\n£337.4m\n\n\n-1%\n\n\n\n\nAdjusted operating profit*\n\n\n£11.2m\n\n\n£10.3m\n\n\n+9%\n\n\n\n\nOperating margin\n\n\n3.4%\n\n\n3.0%\n\n\n+13%\n\n\n\n\nAdjusted profit before tax*\n\n\n£10.7m\n\n\n£10.0m\n\n\n+7%\n\n\n\n\nReported profit before tax\n\n\n£10.7m\n\n\n£8.4m\n\n\n+27%\n\n\n\n\nAdjusted earnings per share*\n\n\n14.81p\n\n\n13.90p\n\n\n+7%\n\n\n\n\nBasic earnings per share\n\n\n14.33p\n\n\n7.91p\n\n\n+81%\n\n\n\n\nDividend per share \n\n\n3.6p\n\n\n3.15p\n\n\n+14%\n\n\n\n\n \nOperational Highlights\n· Acquisition of Lewis Civil Engineering Limited for a cash consideration, including costs, of £8.2m\n· Engineering Services revenue up 9%, including organic growth of 6%,to £232.4m (2012: £214.1m)\n· Engineering Services revenue now accounts for 70% of Group revenue (2012: 63%) \n· Group order book up 26% to £416m (2012: £331m) with Engineering Services order book up 28% to £301m (2012: £235m)\n· Returned to a net cash position of £2.8m (2012: net debt £5.5m)\n· Final dividend increased by 19% to 2.5p (2012: 2.1p)\n \n*Adjusted results are shown prior to exceptional items and amortisation charges\n \nCommenting on the results, Roy Harrison OBE, Chairman said: \"The Group has delivered another set of record results with strong cash generation and has confirmed its growth strategy in Engineering Services with another successful acquisition. Renew is now firmly positioned as a leading infrastructure support services group and, with a record order book secured, the Board is confident of delivering further profitable growth.\" \n \nEnquiries:\n\n\n\n\nRenew Holdings plc\n\n\n Tel: 0113 281 4200\n\n\n\n\n...