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 2022

 

FY 2022

FY 20214

% change Actual FX

% change Constant FX

Continuing operations

 

 

 

 

Revenue 

£338m

£302m

+12

+12

Components adjusted1 operating profit

£64m

£57m

+12

+12

Central service costs allocated to continuing operations

£(21)m

£(17)m

+25

+23

Pro-forma adjusted1 operating profit7

£43m

£40m

+7

+7

Central service costs allocated to discontinued operations

£(18)m

£(14)m

+29

+22

Adjusted1 operating profit 

£25m

£26m

-5

-1

Adjusted1 pre-tax profit 

£7m

£12m

-37

-36 

Adjusted1 net income2

£6m

£11m

-49

-48

Adjusted1 basic earnings per share

1.9p

3.7p

-49

-48

Continuing operations

 

 

 

 

Reported operating (loss) / profit

£(11)m

£8m

n/a

n/a

Reported pre-tax (loss) / profit

£(29)m

£(7)m

n/a

n/a

Reported net (loss) / profit2

£(31)m

£(5)m

n/a

n/a

Reported (loss) / profit per share

(10.3)p

(1.6)p

n/a

n/a

Reported net cash inflow / (outflow) from operating activities

£4m

£(3)m

n/a

n/a

Free cash flow3

£6m

£(1)m

n/a

n/a

Total Group

    

 

Dividend per share

3.3p

 6.0p

-45

n/a

Net funding surplus / (debt)6

£114m 

£(235)m

na

n/a

Net funding surplus / (debt) to adjusted EBITDA5,6

2.3x

(1.7)x

n/a

n/a
1 Refer to Note 16 of the Consolidated Financial Statements for definition of Adjusted performance measures
2 Net income is defined as profit / (loss) after tax
3 A reconciliation of free cash flow on continuing operations is set out in the Financial Review section
4 Prior year has been re-presented to remove the disposed Packaging and Filters businesses. See Note 1 to the Consolidated Financial Statements
5 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. For 2022 EBITDA is calculated on a continuing basis and for 2021 on a total Group basis
6 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. For 2022 EBITDA is calculated on a continuing basis and for 2021 on a total Group basis
7Pro-forma operating profit is an additional Alternative Performance Measure, which has been used to present the business on a continuing Components standalone basis, using historical cost allocation methodologies. The Components adjusted operating profit has been adjusted for the central service costs that are allocated to continuing operations

 


£62m

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