Business
2022 Preliminary Results
2022 Preliminary Results.
About this update from Rotork Plc
[{"type":"text","content":"\n \n \n Tuesday 28th February 2023\n \n \n \n \n \n \n \n Rotork plc\n \n \n 2022 Preliminary Results\n \n \n Strong growth, expecting a year of further progress\n \n \n \n \n \n \n \n \n \n Adjusted highlights\n \n \n \n \n 2022\n \n \n \n \n 2021\n \n \n \n \n % change\n \n \n \n \n OCC3 % change\n \n \n \n \n \n \n Order intake1\n \n \n \n \n £681.6m\n \n \n \n \n £614.1m\n \n \n \n \n +11.0%\n \n \n \n \n +6.8%\n \n \n \n \n \n \n Revenue\n \n \n \n \n £641.8m\n \n \n \n \n £569.2m\n \n \n \n \n +12.8%\n \n \n \n \n +8.4%\n \n \n \n \n \n \n Adjusted\n \n 2\n \n operating profit\n \n \n \n \n £143.2m\n \n \n \n \n £128.1m\n \n \n \n \n +11.8%\n \n \n \n \n +6.2%\n \n \n \n \n \n \n Adjusted\n \n 2\n \n operating margin\n \n \n \n \n 22.3%\n \n \n \n \n 22.5%\n \n \n \n \n -20bps\n \n \n \n \n -40bps\n \n \n \n \n \n \n Adjusted\n \n 2\n \n basic earnings per share\n \n \n \n \n 12.7p\n \n \n \n \n 11.3p\n \n \n \n \n +13.2%\n \n \n \n \n +7.5%\n \n \n \n \n \n \n Cash conversion\n \n 4\n \n \n \n \n \n 76%\n \n \n \n \n 108%\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n \n \n Reported highlights\n \n \n \n \n 2022\n \n \n \n \n 2021\n \n \n \n \n % change\n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £641.8m\n \n \n \n \n £569.2m\n \n \n \n \n +12.8%\n \n \n \n \n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n £123.6m\n \n \n \n \n £105.7m\n \n \n \n \n +16.9%\n \n \n \n \n \n \n \n \n \n \n \n Operating margin\n \n \n \n \n 19.3%\n \n \n \n \n 18.6%\n \n \n \n \n +70bps\n \n \n \n \n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n £124.1m\n \n \n \n \n £105.9m\n \n \n \n \n +17.2%\n \n \n \n \n \n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 10.9p\n \n \n \n \n 9.2p\n \n \n \n \n +17.6%\n \n \n \n \n \n \n \n \n \n \n \n Full year dividend\n \n \n \n \n 6.70p\n \n \n \n \n 6.40p\n \n \n \n \n +4.7%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Summary\n \n \n \n ·\n Group order intake increased 11.0% year-on-year with selling prices and volumes higher. Fourth quarter orders rose high single-digits year-on-year on an OCC basis\n \n \n ·\n Successful supply chain improvement measures reduced disruption through the year\n \n \n ·\n Revenue increased 12.8%, benefiting from the second half's strong recovery in deliveries\n \n \n ...