Business
Half year Results
Half year Results.
About this update from Volution Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n Thursday 9 March 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n VOLUTION GROUP PLC\n \n \n \n \n \n \n \n Half year Results for the six months ended 31 January 2023\n \n \n \n \n \n \n \n \n \n Strong first half performance, underpinned by structural growth drivers\n \n \n \n \n \n \n Volution Group plc (\"Volution\" or \"the Group\" or \"the Company\", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, today announces its unaudited interim financial results for the six months ended 31 January 2023.\n \n \n \n \n \n \n \n RESULTS SUMMARY\n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 months to\n \n \n 31 January 2023\n \n \n \n \n 6 months to\n \n \n 31 January 2022\n \n \n \n \n Movement\n \n \n \n \n \n \n Revenue (£m)\n \n \n \n \n 162.3\n \n \n \n \n 149.6\n \n \n \n \n +8.5%\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 Adjusted operating profit (£m)\n \n \n \n \n 34.2\n \n \n \n \n 31.9\n \n \n \n \n +7.1%\n \n \n \n \n \n \n Adjusted operating margin (%)\n \n \n \n \n 21.1%\n \n \n \n \n 21.3%\n \n \n \n \n (0.2)pp\n \n \n \n \n \n \n Adjusted profit before tax (£m)\n \n \n \n \n 31.8\n \n \n \n \n 30.0\n \n \n \n \n +6.0%\n \n \n \n \n \n \n Adjusted basic EPS (pence)\n \n \n \n \n 12.4\n \n \n \n \n 11.7\n \n \n \n \n +6.0%\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 Reported operating profit (£m)\n \n \n \n \n 27.8\n \n \n \n \n 23.3\n \n \n \n \n +19.6%\n \n \n \n \n \n \n Reported profit before tax (£m)\n \n \n \n \n 22.6\n \n \n \n \n 21.4\n \n \n \n \n +5.6%\n \n \n \n \n \n \n Reported basic EPS (pence)\n \n \n \n \n 8.6\n \n \n \n \n 8.2\n \n \n \n \n +4.9%\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 Adjusted operating cash flow (£m)\n \n \n \n \n 30.6\n \n \n \n \n 16.2\n \n \n \n \n +88.1%\n \n \n \n \n \n \n Net debt (£m)1\n \n \n \n \n 79.2\n \n \n \n \n 104.0\n \n \n \n \n (24.8)\n \n \n \n \n \n \n Interim dividend per share (p)\n \n \n \n \n 2.50\n \n \n \n \n 2.30\n \n \n \n \n +8.7%\n \n \n \n \n \n \n \n 1\n \n H1 2023 includes lease liabilities of £23.3 million (H1 2022: £24.8 million)...