Business
Final Results, Notice of AGM & Investor Pres
Final Results, Notice of AGM & Investor Pres.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n\n(EPIC: SRC / Market: AIM / Sector: Construction Materials)\n18 March 2024\n \nSigmaRoc plc\n('SigmaRoc', the 'Company' or the 'Group')\n \nAudited full year results for year ended 31 December 2023\nNotice of AGM\n \nSigmaRoc (AIM: SRC), the AIM quoted lime and limestone group, is pleased to announce its audited results for the year ended 31 December 2023.\n \n\n\n\n\n \n\n\nStatutory results\n\n\n \n\n\nUnderlying[1] results\n\n\n\n\n \n\n\n31 December 2023\n\n\n31 December 2022\n\n\nYoY\nchange\n\n\n \n\n\n31 December 2023\n\n\n31 December 2022\n\n\nYoY\nchange\n\n\n\n\nRevenue\n\n\n£580.3m\n\n\n£538.0m\n\n\n+8%\n\n\n\n\n\n£580.3m\n\n\n£538.0m\n\n\n+8%\n\n\n\n\nEBITDA\n\n\n£87.3m\n\n\n£95.0m\n\n\n-8%\n\n\n\n\n\n£116.7m\n\n\n£101.7m\n\n\n+15%\n\n\n\n\nEBITDA margin\n\n\n15.0%\n\n\n17.7%\n\n\n-270bps\n\n\n\n\n\n20.1%\n\n\n18.9%\n\n\n+120bps\n\n\n\n\nProfit before tax\n\n\n£28.3m\n\n\n£42.7m\n\n\n-42%\n\n\n\n\n\n£71.2m\n\n\n£62.7m\n\n\n+14%\n\n\n\n\nEPS\n\n\n1.95p\n\n\n4.89p\n\n\n-60%\n\n\n\n\n\n8.12p\n\n\n8.0p\n\n\n+1%\n\n\n\n\nNet debt2\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n£182.4m\n\n\n£193.8m\n\n\n-6%\n\n\n\n\nCovenant Leverage\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n1.57x\n\n\n1.93x\n\n\n-19%\n\n\n\n\nROIC\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n10.8%\n\n\n10.3%\n\n\n+50bps\n\n\n\n\nFCF3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£47.0m\n\n\n£54.3m\n\n\n-12.7%\n\n\n\n\nFCF Conversion4\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n40.3%\n\n\n53.4%\n\n\n-12.7ppt\n\n\n\n\n \n[1] 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. Non-underlying items are described further in the Chief Financial Officer's report. These measures are not defined by UK IAS and therefore may not be directly comparable to similar measures adopted by other companies.\n2 Net debt including IFRS 16 lease liabilities.\n3 Free Cash Flow takes net cash flows from operating activities and adjusts for CapEx, net interest paid, and for the underlying result further adjusts for net non-underlying expenses paid and working capital payments relating to pre-acquisition accruals or...