Business
Final Results
Final Results.
About this update from Strix Group Plc
[{"type":"text","content":"\n \nRNS Number : 5046T Strix Group PLC 21 March 2019 \n\n21 March 2019\nStrix Group Plc\n(\"Strix\", the \"Group\" or the \"Company\")\nResults for the year ended 31 December 2018\nStrix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce its audited results for the year ended 31 December 2018.\nFinancial summary\n\n\n\n\n \n\n\nAdjusted results1\n\n\n\n\n \n\n\n2018\n\n\n2017\n\n\nChange\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n%4\n\n\n\n\nRevenue\n\n\n93.8\n\n\n91.3\n\n\n+2.7%\n\n\n\n\nRevenue - constant currency basis2\n\n\n95.3\n\n\n91.3\n\n\n+4.5%\n\n\n\n\nEBITDA3\n\n\n36.4\n\n\n35.1\n\n\n+3.5%\n\n\n\n\nGross profit\n\n\n38.9\n\n\n37.2\n\n\n+4.6%\n\n\n\n\nOperating profit\n\n\n30.9\n\n\n29.1\n\n\n+6.2%\n\n\n\n\nProfit before tax\n\n\n29.2\n\n\n28.3\n\n\n+3.2%\n\n\n\n\nProfit after tax\n\n\n28.3\n\n\n27.5\n\n\n+2.7%\n\n\n\n\nNet debt\n\n\n27.5\n\n\n45.9\n\n\n+40.1%\n\n\n\n\nNet cash generated from operating activities\n\n\n35.0\n\n\n33.8\n\n\n+3.4%\n\n\n\n\nBasic earnings per share\n\n\n14.9p\n\n\n14.5p\n\n\n+2.8% \n\n\n\n\nFinal dividend per share\n\n\n4.7p\n\n\n1.9p\n\n\n+147.4% \n\n\n\n\n1. Adjusted results exclude exceptional items, which include share based payment transactions. Adjusted results are non-GAAP metrics used by management and are not an IFRS disclosure. A table which shows both Adjusted and Reported results is included in the Chief Financial Officer's review.\n2. Revenue - constant currency basis, which is defined as 2018 revenue restated at the exchange rates prevailing in 2017, is a non-GAAP metric used by management and is not an IFRS disclosure. \n3. EBITDA, which is defined as earnings before finance costs, tax, depreciation and amortisation, is a non-GAAP metric used by management and is not an IFRS disclosure.\n4. Figures are calculated from the full numbers as presented in the consolidated financial statements.\n2018 in summary\nFinancial highlights\n\n\n\n\n· \n\n\nSolid performance during 2018 including a 7.9% growth in sales volumes and 2.7%...