Une nouvelle année de résultats exceptionnels pour Chloride - résultats préliminaires pour l’année se terminant le 31 Mars 2008
Chloride Group PLC, acteur majeur sur le marché mondial de la conversion et la protection de l’énergie électrique, est ravi d’annoncer des résultats record pour l’année fiscale se terminant le 31 Mars 2008.
Key financials
|
2008 |
2007 |
Change | |
|
Sales (£million) |
267.6 |
204.4 |
+31% |
|
Adjusted operating profit* (£million) |
36.1 |
23.5 |
+54% |
|
Adjusted profit before tax* (£million) |
33.3 |
21.7 |
+54% |
|
Profit before tax (£million) |
31.1 |
21.0 |
+48% |
|
Operating margin |
13.5% |
11.5% |
+2pts |
|
Adjusted earnings per share* (pence) |
9.51 |
6.63 |
+43% |
|
Basic earnings per share (pence) |
9.99 |
6.38 |
+57% |
|
Dividend (pence) |
4.00 |
3.00 |
+33% |
- Excellent sales growth well ahead of the market with products up 33% and service up 26%
- Adjusted operating profit* up 54% to £36.1 million (2007: £23.5 million)
- 6th successive year of improvement in operating margin**
- Basic EPS up 57% - reflecting the release of exceptional tax provision of £2.9 million
- Operating cash flow strong at £30.0 million - up 24% at 83% of adjusted operating profit
- Continued strong growth in Europe and expansion in the high-growth markets of Asia Pacific and the Middle East
- Share in DB Power Electronics, India increased
- Order intake ahead of sales resulting in a year end order book up £21.0 million to £102.4 million
* Profit/earnings per share from continuing operations before amortisation of acquired intangibles. (See note 5 to the financial statements).
** Profit from continuing operations before amortisation of acquired intangibles as a % of sales.
Commenting on these results, Keith Hodgkinson, Chief Executive, said
“By focusing on the consistent execution of our strategy, we have built strong positions in high-growth international markets and continually improved our technology and services to meet the broad scope of our customers’ requirements. These actions place the Company in a leading position to benefit from attractive opportunities in the world’s major and emerging economies.
We entered the new financial year with a record order book and a clear plan to meet our growth objective. This gives us confidence in the outlook for the coming year and beyond. We are well-placed to build further momentum for the benefit of our shareholders, customers and our people in the longer term.”
Enquiries:
Chloride Group PLC
Keith Hodgkinson (Chief Executive)
Tim Cobbold (Chief Operating Officer)
Neil Warner (Finance Director)
Hudson Sandler
Andrew Hayes/Kate Hough
Telephone:
On 2 June 2008: 020 7796 4133
Thereafter: 020 7881 1440/ 020 7796 4133
An analysts’ briefing will be held at the offices of Hudson Sandler at 29 Cloth Fair, London EC1A 7NN at 11.00 a.m. on 2 June 2008.