Business
Full-year results for the year ended 31 March 2017
Full-year results for the year ended 31 March 2017.
About this update from Rs Group Plc
[{"type":"text","content":"\n \nRNS Number : 8945F Electrocomponents PLC 23 May 2017 \n\nELECTROCOMPONENTS PLC\nAUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2017\n \nA YEAR OF SIGNIFICANT FINANCIAL AND OPERATIONAL PROGRESS\n \n\n\n\n\nHighlights\n\n\n \n\n\n2017\n\n\n2016\n\n\nChange\n\n\n\n\n \n\n\nReported\n\n\nUnderlying1\n\n\n\n\nRevenue\n\n\n \n\n\n£1,511.7m\n\n\n£1,291.1m\n\n\n17.1%\n\n\n4.8%\n\n\n\n\nHeadline2 operating profit\n\n\n \n\n\n£133.2m\n\n\n£82.0m\n\n\n62.4%\n\n\n33.7%\n\n\n\n\nHeadline2 operating profit margin\n\n\n \n\n\n8.8%\n\n\n6.4%\n\n\n2.4 pts\n\n\n1.8 pts\n\n\n\n\nHeadline2 profit before tax3\n\n\n \n\n\n£128.0m\n\n\n£76.8m\n\n\n66.7%\n\n\n35.7%\n\n\n\n\nHeadline2 earnings per share\n\n\n \n\n\n21.0p\n\n\n12.6p\n\n\n66.7%\n\n\n35.5%\n\n\n\n\nHeadline2 free cash flow\n\n\n \n\n\n£117.7m\n\n\n£62.6m\n\n\n88.0%\n\n\n \n\n\n\n\nNet debt\n\n\n \n\n\n£112.9m\n\n\n£165.1m\n\n\n31.6%\n\n\n \n\n\n\n\nLeverage (x EBITDA)\n\n\n \n\n\n0.7x\n\n\n1.5x\n\n\n \n\n\n \n\n\n\n\nFull-year dividend \n\n\n \n\n\n12.3p\n\n\n11.75p\n\n\n4.7%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nReported profit before tax\n\n\n \n\n\n£127.1m\n\n\n£34.9m\n\n\n264.2%\n\n\n \n\n\n\n\nReported earnings per share \n\n\n \n\n\n20.9p\n\n\n5.0p\n\n\n318.0%\n\n\n \n\n\n\n\n \n\n\n\n\nRe-presentation of gross margin4 \n\n\n2017\n\n\n2016\n\n\nChange\n\n\n\n\nReported\n\n\nUnderlying1\n\n\n\n\nGross margin4\n\n\n43.4%\n\n\n42.7%\n\n\n0.7 pts\n\n\n0.8 pts\n\n\n\n\nGross margin (under previous classification)4\n\n\n43.9%\n\n\n43.5%\n\n\n0.4 pts\n\n\n0.6 pts\n\n\n\n\n \n(1) Underlying growth, unless otherwise stated, is adjusted for currency movements, in addition underlying revenue growth measures are also adjusted for trading days. Positive currency movements increased Group reported FY revenues by around £140 million, additional trading days boosted Group revenues by around £10 million.\n(2) Headline measures exclude net reorganisation costs of £0.9 million in 2017 and £41.9 million in 2016. For all alternative performance measures, refer to Note 12.\n(3) Positive currency movements increased headline profit ...