Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \n \n (EPIC: SRC / Market: AIM / Sector: Construction Materials)\n \n \n 27 March 2023\n \n \n \n \n \n \n \n \n SigmaRoc plc\n \n \n \n ('SigmaRoc', the 'Company' or the 'Group')\n \n \n \n \n \n \n Audited full year results for year ended 31 December 2022\n \n \n \n \n Notice of AGM\n \n \n \n \n \n \n SigmaRoc (AIM: SRC), the quarried materials group\n , is pleased to announce its audited results for the year ended 31 December 2022.\n \n \n \n \n \n \n \n \n \n \n Underlying\n \n \n \n 1\n \n \n \n results\n \n \n \n \n \n \n 31 December 2022\n \n \n \n \n \n \n 31 December 2021\n \n \n \n \n \n \n YoY\n \n \n \n \n change\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £538.0m\n \n \n \n \n £272.0m\n \n \n \n \n +98%\n \n \n \n \n \n \n EBITDA\n \n \n \n \n £101.7m\n \n \n \n \n £49.3m\n \n \n \n \n +106%\n \n \n \n \n \n \n EBITDA margin\n \n \n \n \n 18.9%\n \n \n \n \n 18.1%\n \n \n \n \n +80bps\n \n \n \n \n \n \n Net Margin\n \n \n 2\n \n \n \n \n \n \n 21.8%\n \n \n \n \n 20.4%\n \n \n \n \n +140bps\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n £62.7m\n \n \n \n \n £26.8m\n \n \n \n \n +134%\n \n \n \n \n \n \n EPS\n \n \n \n \n 8.0p\n \n \n \n \n 5.4p\n \n \n \n \n +49%\n \n \n \n \n \n \n Net debt\n \n \n 3\n \n \n \n \n \n \n £193.8m\n \n \n \n \n £164.0m\n \n \n \n \n +18%\n \n \n \n \n \n \n Leverage Ratio\n \n \n 4\n \n \n \n \n \n \n 1.77x\n \n \n \n \n 1.70x\n \n \n \n \n +5%\n \n \n \n \n \n \n CCR\n \n \n \n \n 86.6%\n \n \n \n \n 60.0%\n \n \n \n \n +27ppt\n \n \n \n \n \n \n Free Cash Flow\n \n \n 5\n \n \n \n \n \n \n £54.3m\n \n \n \n \n £29.7m\n \n \n \n \n +83%\n \n \n \n \n \n \n ROIC\n \n \n \n \n 10.7%\n \n \n \n \n 7.6%\n \n \n \n \n +310bps\n \n \n \n \n \n \n \n \n \n [1]\n \n Underlying results are stated before acquisition related expenses, certain finance costs, redundancy and reorganisation costs, impairments, amortisation of acquisition intangibles and share option expense. References to an Underlying profit measure throughout this Annual Report are defined on this basis.\n \n \n \n 2\n \n Net Margin is EBITDA margin adjusted for impact of inflationary cost pass-throughs, such as energy, materials, and distribution.\n \n \n \n 3\n \n Net debt including IFRS 16 lease liabilities.\n \n \n \n 4\n \n Leverage Ratio takes Adjusted Leverage Ratio and excludes IFR...