Record half year profits

Full year results anticipated to be in line
with market expectations

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Unaudited interim results for the six months ended 31 August 2017

Robert Forrester interview on latest results

Robert commenting on the results

Robert Forrester interview on sector issues

Robert commenting on the Sector issues

August 2017 Analyst & Investor Presentation

Download the August 2017 Analyst & Investor Presentation.

Robust performance gives confidence for the full year

  • Revenues of £1.45bn (2016 H1: £1.45bn)
  • Group gross margin 11.0% (2016 H1: 11.1%)
  • Record profit before tax up 29.4% to £24.2m (2016 H1: £18.7m)
  • Adjusted profit before tax up 7.2% to £20.9m (2016 H1: £19.5m)
  • Adjusted earnings per share of 4.24p (2016 H1: 4.06p)

Performance is underpinned by continued focus on managing expenses

Capital discipline is reflected in increasing returns to shareholders

Opportunities for continued growth funded by sector leading balance sheet

Encouraging outlook for growth

Results Past and Present

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