Financial Data

Company Background


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

Results for year ended 31 December 2024

	2024 £m	2023£m	Change Constant FX	Change Actual FX
Continuing operations
Revenue	302.4	316.3	+0.3%	(4.4)%
Adjusted¹ operating profit	40.1	43.2	+2.3%	(7.2)%
Adjusted¹ operating margin	13.3%	13.7%	+30bps	(40bps)
Adjusted¹ pre-tax profit	31.2	40.7	(15.9)%	(23.3)%
Adjusted¹ basic earning per share	8.5p	10.6p	(11.9)%	(19.8)%
Adjusted¹ net cash flow from operating activities	36.4	48.2	-	(24.5)%
Reported operating profit)	14.6	10.9	-	+33.9%
Reported pre-tax profit	5.7	8.4	-	(32.1)%
Reported net profit	11.6	5.8	-	+100%
Reported basic earnings per share	4.0p	2.0p	-	+100%
Dividend per share	2.8p	3.6p	-	(22.2)%
Reported net cash inflow from operating activities²	25.7	33.3	-	(22.8)%
Free cash flow²	22.5	37.3	-	(39.7)%
Net debt excluding lease liabilities⁴	68.2	31.6	-	-
Net debt excluding lease liabilities to adjusted EBITDA^3,4	1.3x	0.5x	-	-

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.
²A reconciliation of free cash flow and net cash inflow from operating activities is set out in the Financial Review section.
³Adjusted EBITDA is defined as operating profit before depreciation (and other amounts written off property, plant and equipment), share option expense, amortisation of acquired intangible assets and adjusting items. Net debt to adjusted EBITDA including lease liabilities is 1.6x (2023: 1.0x).
⁴Presented on a last twelve months basis excluding lease liabilities. £97.1m when including lease liabilities (2023: £62.5m)
⁵On a constant currency basis, excluding the acquisition of BMP TAPPI, completed October 2023.

£62m

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