Business
Full Year Unaudited Results 2016
Full Year Unaudited Results 2016.
About this update from Restore Plc
[{"type":"text","content":"\n \nRNS Number : 9164Y Restore PLC 09 March 2017 \n\n9 March 2017\nRESTORE PLC\nFull Year Unaudited Results 2016\n \nRestore plc (\"Restore\" or \"the Company\"), the UK office services provider, announces its unaudited results for the year ended 31 December 2016.\n \nFinancial Highlights:\n \n\n\n\n\nADJUSTED RESULTS - Continuing operations\n\n\n2016\n\n\n2015\n\n\nChange\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n£129.4m\n\n\n£91.9m\n\n\n41%\n\n\n\n\nEBITDA*\n\n\n£29.3m\n\n\n£20.4m\n\n\n44%\n\n\n\n\nOperating profit*\n\n\n£25.0m\n\n\n£17.6m\n\n\n42%\n\n\n\n\nProfit before tax*\n\n\n£23.0m\n\n\n£16.3m\n\n\n41%\n\n\n\n\nEarnings per share - basic **\n\n\n17.9p\n\n\n15.6p\n\n\n15%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nDividend per share\n\n\n4.0p\n\n\n3.2p\n\n\n25%\n\n\n\n\nNet debt\n\n\n£72.3m\n\n\n£60.6m\n\n\n \n\n\n\n\n \n* Before discontinued operations, exceptional items (including exceptional finance costs), amortisation of intangible assets and share based payments charge.\n** Calculated based on the weighted average shares in issue and a standard tax charge.\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSTATUTORY RESULTS - Continuing operations\n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n£129.4m\n\n\n£91.9m\n\n\n \n\n\n\n\nOperating profit\n\n\n£9.5m\n\n\n£7.7m\n\n\n \n\n\n\n\nProfit before tax\n\n\n£7.5m\n\n\n£6.1m\n\n\n \n\n\n\n\nEarnings per share - basic\n\n\n10.3p\n\n\n7.0p\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \nSummary:\n \n· Group revenue up 41% to £129.4m \n· Group adjusted profit before tax up 41% to £23.0m\n· Adjusted basic earnings per share up 15% to 17.9p\n· Document Management revenue up 65%; adjusted operating profit up 46% \n· Relocation revenue up 6%; adjusted operating profit up 17%\n· Capacity utilisation in Records Management at c90% \n· Document shredding activities transformed by PHS Data Solutions acquisition\n· Performance of Restore Scan significantly improved\n· Integration of ...