Financial Data

Company Background


Primary Country Listing	UK
Status	Full
Index	FTSE All Share, FTSE 250
Sector	Support Services
Activities	Components and solutions provider

Results for year ended 31 December 2023

	2023 £m	2022²£m	change Actual FX	change Constant FX
Continuing operations
Revenue	316.3	337.9	-6.4%	-4.4%
Adjusted¹ operating profit	43.2	25.1	+72.1%	+85.3%
Adjusted¹ operating margin	13.7%	7.4%	+630bps	+660bps
Adjusted¹ pre-tax profit	40.7	7.3	>100%	>100%
Adjusted¹ basic earning per share	10.6p	1.9p	>100%	>100%
Adjusted¹ net cash flow from operating activities	48.2	20.2	>100%	>100%
Reported operating profit) / (loss)	10.9	(11.3)	n/a	n/a
Reported pre-tax profit / (loss)	8.4	(29.1)	n/a	n/a
Reported net profit /(loss)	5.8	(31.1)	n/a	n/a
Reported profit / (loss) per share	2.0p	(10.3)p	n/a	n/a
Dividend per share	3.6p	3.3p	+9.1%	n/a
Reported net cash inflow from operating activities³	33.3	4.3	>100%	>100%
Free cash flow³	37.3	5.7	>100%	>100%
Net debt / (funding surplus)⁴	62.5	(113.8)	na	n/a
Net debt / (funding surplus) to adjusted EBITDA^4,5	1.0x	(2.3)x	n/a	n/a

¹On a continuing operations basis, before amortisation of acquired intangible assets and adjusting items. Further details can be found in Note 3 of the Condensed Consolidated Financial Statements.
²Prior year has been re-presented to remove the disposed Packaging and Filters businesses. See Note 1 to the Condensed Consolidated Financial Statements.
³A reconciliation of free cash flow and net cash inflow from operating is set out in the Financial Review section.
⁴Adjusted EBITDA is defined as operating profit before depreciation (and other amounts written off property, plant and equipment), share option expense, intangible amortisation and adjusting items.
⁵Presented including lease liabilities.

£62m

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