Business
Full Year Results
Full Year Results.
About this update from Alumasc Group Plc
[{"type":"text","content":"\n \n \n IMMEDIATE RELEASE\n \n \n Tuesday 6 September 2022\n \n \n THE ALUMASC GROUP PLC\n \n \n (\"ALUMASC\")\n \n \n \n FULL YEAR RESULTS ANNOUNCEMENT\n \n \n \n \n STRONG PERFORMANCE ACROSS ALL DIVISIONS; DELIVERY OF STRATEGIC PRIORITIES\n \n \n \n Alumasc (ALU.L), the premium sustainable building products, systems and solutions Group, announces results for the year ended 30 June 2022.\n \n \n \n Commenting on the results reported today, Paul Hooper, Chief Executive, said:\n \n \n \n \n \"These results mark a pivotal moment for Alumasc. I am delighted to report this excellent set of results across our core businesses, with the strong sustainability-linked and export sales demonstrating our growth potential. With the disposal of Levolux on 26 August, we now have a simplified business model and can focus our energies on growing our core businesses, with their respected brands and significant market opportunities. Despite the current macroeconomic uncertainty, FY23 trading to date has remained robust and order books are strong, and we remain confident in the Group's future performance.\"\n \n \n \n \n Financial Highlights: Strong performance from continuing operations:\n \n \n \n ·\n Revenues from continuing operations up 14.9% to £89.4m (2021: £77.8m)\n \n \n ·\n Group underlying operating profit up 26.9% to £13.3m (2021: £10.5m)\n \n \n ·\n Underlying operating margin increased by 140bps to 14.9% (2021: 13.5%)\n \n \n ·\n Underlying profit before tax up 27.0% to £12.7m (2021: £10.0m)\n \n \n ·\n Export sales of £13.7m (2021: £7.6m), representing 15% (2021: 10%) of total revenue\n \n \n ·\n Net bank debt of £4.7m (2021: £0.9m)\n \n \n ·\n Underlying EPS up 27.1% to 28.6p (2021: 22.5p)\n \n \n ·\n Basic EPS up 30.1% to 26.8p (2021: 20.6p)\n \n \n ·\n Final dividend up 6.4% to 6.65p (2021: 6.25p), with full year dividend up 5.3% to 10.0p (2021: 9.5p)\n \n \n \n \n \n \n Operational Highlights: Delivery of strategic priorities\n \n \n \n ·\n Disposal of Levolux post year end delivers a simplified business model and a focus on core activities\n \n \n ·\n Benefits of cost efficient operating structure and volume growth driving margin improvement\n \n \n ·\n Water Management Division delivered record revenues of £47.6m, up 24% from 2021, and operating revenues of £8.8m\n \n \n ·\n Building Envelope Division's continuing activi...