Business
Interim Results
Interim Results.
About this update from Volution Group Plc
[{"type":"text","content":"\n \nRNS Number : 4980S Volution Group plc 18 March 2016 \n\n \nFriday 18 March 2016\nVOLUTION GROUP PLC\nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2016 \nStrong results in line with our expectations. Interim dividend up 14%.\nVolution Group plc (\"Volution\" or \"the Group\" or \"the Company\", LSE: FAN), a leading supplier of ventilation products to the residential and commercial construction market, today announces its unaudited interim financial results for the 6 months ended 31 January 2016.\n\n\n\n\nHighlights\n\n\n6 months to January 2016\n\n\n6 months to January 2015\n\n\nMovement\n\n\nMovement in Constant Currency \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue (£000)\n\n\n70,142\n\n\n 64,349 \n\n\n9.0%\n\n\n13.0%\n\n\n\n\nAdjusted EBITDA (£000)\n\n\n16,525\n\n\n 15,038 \n\n\n9.9%\n\n\n13.4%\n\n\n\n\nAdjusted operating profit (£000)\n\n\n15,207\n\n\n 13,990 \n\n\n8.7%\n\n\n12.2%\n\n\n\n\nAdjusted profit before tax (£000)\n\n\n14,597\n\n\n 12,709 \n\n\n14.9%\n\n\n18.7%\n\n\n\n\nReported profit before tax (£000)\n\n\n8,040\n\n\n 7,499 \n\n\n7.2%\n\n\n13.7%\n\n\n\n\nBasic and diluted EPS (p)\n\n\n3.64\n\n\n2.94 \n\n\n23.8%\n\n\n32.2%\n\n\n\n\nAdjusted basic and diluted EPS (p)\n\n\n5.73\n\n\n4.98\n\n\n15.1%\n\n\n19.9%\n\n\n\n\nAdjusted operating cash flow (£000)\n\n\n11,439\n\n\n11,809\n\n\n(3.1%)\n\n\n \n\n\n\n\nInterim dividend per share (p)\n\n\n1.20\n\n\n1.05\n\n\n14.3%\n\n\n \n\n\n\n\nNet debt (£000)\n\n\n38,988\n\n\n31,400\n\n\n \n\n\n \n\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 EBITDA, adjusted operating profit, adjusted profit before tax, adjusted basic and diluted EPS and adjusted operating cash flow. For a definition of all adjusted and non-GAAP measures, see the glossary of terms in note 20. \nOverview\nFinancial highlights\n· Strong results in line with our expectations. \n· &...