Business
Interim results
Interim results.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \n \n 12 September 2022\n \n \n \n \n \n \n \n \n \n (EPIC: SRC / Market: AIM / Sector: Construction Materials)\n \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 \n \n Interim Results\n \n \n \n \n \n \n SigmaRoc plc, the AIM listed buy-and-build quarried materials group, is pleased to announce its unaudited interim results for the six months ended 30 June 2022. \n \n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 30 June 2022\n \n \n \n \n \n \n 30 June 2021\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £247.1m\n \n \n \n \n \n £84.8m\n \n \n \n \n 191.5%\n \n \n \n \n \n \n Underlying EBITDA\n \n \n \n \n \n £47.6m\n \n \n \n \n \n £15.2m\n \n \n \n \n 212.2%\n \n \n \n \n \n \n Underlying profit before tax\n \n \n \n \n \n £29.1m\n \n \n \n \n \n £8.7m\n \n \n \n \n 233.7%\n \n \n \n \n \n \n Underlying EPS\n \n \n \n \n \n 3.61p\n \n \n \n \n \n 2.68p\n \n \n \n \n 34.7%\n \n \n \n \n \n \n Cash and cash equivalents\n \n \n \n \n \n £46.4m\n \n \n \n \n \n £19.9m\n \n \n \n \n 132.9%\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 \n \n \n \n \n \n \n \n \n \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. Pro-forma financial information is presented on a like-for-like basis adjusting for impact of any acquisitions or non-recurring events.\n \n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n ·\n Strong first half of 2022, demonstrating the effectiveness of the Group's diversified model\n \n \n ·\n Revenue of £247m, 17% ahead of prior year on a pro-forma basis\n \n \n ·\n EBITDA of £47.6m, 6% ahead of prior year on a pro-forma basis reflecting pass through and management of inflationary cost increases\n \n \n ·\n Underlying operating cash generation of £22 million, with leverage within the Group's target range\n \n \n \n \n \n \n Strategic highlights\n \...