Business
Interim Results for 6 months ended 31 Jan 2019
Interim Results for 6 months ended 31 Jan 2019.
About this update from Volution Group Plc
[{"type":"text","content":"\n \nRNS Number : 0890T Volution Group plc 18 March 2019 \n\n \nEmbargoed until 07:00 on:\nMonday 18 March 2019\nVOLUTION GROUP PLC\nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2019\n Further good progress with revenue growth of 16.3% and adjusted operating profit up 10.7%.\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 unaudited interim financial results for the 6 months ended 31 January 2019.\n \n\n\n\n\nFinancial results\n\n\n6 months to\n31 January 2019\n\n\n6 months to\n31 January 2018\n\n\nMovement\n\n\n\n\nRevenue (£m)\n\n\n114.8\n\n\n98.7\n\n\n16.3%\n\n\n\n\nAdjusted operating profit (£m)\n\n\n20.2\n\n\n18.3\n\n\n10.7%\n\n\n\n\nAdjusted profit before tax (£m)\n\n\n19.1\n\n\n17.8\n\n\n7.6%\n\n\n\n\nReported profit before tax (£m)\n\n\n10.2\n\n\n10.1\n\n\n1.4%\n\n\n\n\nAdjusted basic and diluted EPS (p)\n\n\n7.7\n\n\n7.1\n\n\n8.5%\n\n\n\n\nReported basic and diluted EPS (p)\n\n\n4.1\n\n\n4.2\n\n\n(2.4)%\n\n\n\n\nAdjusted operating cash flow (£m)\n\n\n15.5\n\n\n11.8\n\n\n30.8%\n\n\n\n\nInterim dividend per share (p)\n\n\n1.60\n\n\n1.46\n\n\n9.6%\n\n\n\n\nNet debt (£m)\n\n\n74.4\n\n\n34.9\n\n\n39.5\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 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 20. A reconciliation to the reported measures is set out in note 4. \n \nFinancial highlights\n\n\n\n\n· \n\n\nRevenue growth of 16.3% (17.8% at constant currency).\n\n\n\n\n \n\n\n· Organic revenue growth of 1.9% (3.2% at constant currency). \n· Inorganic revenue growth of 14.4% (14.6% at constant currency).\n\n\n\n\n· \n\n\nAdjusted operating profit increased by 10.7% to £20.2 million (12.4% at constant currency), assisted by acquisitions.\n\n\n\n\n· \n\n\nAdjusted operating profit margin declined by 0.9 percentage points...