Business
Final Results for the year ended 31 July 2017
Final Results for the year ended 31 July 2017.
About this update from Volution Group Plc
[{"type":"text","content":"\n \nRNS Number : 1265T Volution Group plc 10 October 2017 \n\n \nEmbargoed until 07:00 on:\nTuesday 10 October 2017\n \nVOLUTION GROUP PLC\nPRELIMINARY RESULTS FOR THE YEAR ENDED 31 JULY 2017\n Strong revenue growth of 20% and adjusted EPS up 8%.\nRecent acquisitions integrating well, supplementing continued organic growth.\n \nVolution Group plc (\"Volution\" or \"the Group\" or \"the Company\", LSE: FAN), a leading supplier of ventilation products to the residential and commercial construction markets, today announces its audited financial results for the 12 months ended 31 July 2017.\n\n\n\n\nFinancial Results\n\n\n2017\n\n\n2016\n\n\nMovement\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue (£m)\n\n\n185.1\n\n\n154.5\n\n\n19.8%\n\n\n\n\nAdjusted operating profit (£m)\n\n\n35.6\n\n\n32.5\n\n\n9.6%\n\n\n\n\nAdjusted profit before tax (£m)\n\n\n34.6\n\n\n31.3\n\n\n10.3%\n\n\n\n\nReported profit before tax (£m)\n\n\n17.9\n\n\n18.4\n\n\n(2.5)%\n\n\n\n\nAdjusted basic and diluted EPS (pence)\n\n\n13.6\n\n\n12.6\n\n\n7.9%\n\n\n\n\nReported basic and diluted EPS (pence)\n\n\n7.0\n\n\n7.8\n\n\n(10.3)%\n\n\n\n\nAdjusted operating cash flow (£m)\n\n\n35.9\n\n\n31.1\n\n\n15.5%\n\n\n\n\nTotal dividend per share (pence)\n\n\n4.15\n\n\n3.80\n\n\n9.2%\n\n\n\n\nNet debt (£m)\n\n\n37.0\n\n\n36.1\n\n\n0.9\n\n\n\n\nThe Group uses some alternative performance measures to track and assess the underlying performance of the business. These measures include adjusted operating profit, adjusted profit before tax, adjusted basic and diluted EPS and adjusted operating cash flow. For a definition of all the adjusted and non-GAAP measures, please see the glossary of terms in note 18. A reconciliation to reported measures is set out in note 2.\nFinancial highlights\n· Strong revenue growth of 19.8% (14.5% at constant currency):\n· Organic revenue growth of 7.3% (2.1% at constant currency); and\n· Inorganic revenue growth of 12.5% (12.4% at constant currency).\n· Adjusted operating profit increased by 9.6% to £35.6 million (4.2% at constant currency). \n· As anticipated, adjusted operating profit margin declined by 1.7 percentage points, partly a...