Results for 6 months ended 30 November 2022
Steve McQuillan, CEO
Stephen King, CFO
Financial highlights
Group RevenueGross Profit MarginAdjusted EBITDA
£50.0m | 32.6% | £6.4m |
FY22 H1: £44.5m | FY22 H1: 33.9% | 2022 H1: £5.7m |
Adjusted Diluted EPSInterim DividendNet Cash*
10.8p | 1.7p | £17.3m |
2022 H1 10.2p | 2022 H1: 1.6p | 31 May 2022: £16.7m |
Net Cash* - impact of IFRS 16 removed
2
Our divisions and brands
Engineered Pumps and | Process Solutions and | Medical and Industrial |
Motors | Rotating Equipment | Imaging |
Acquired 2017 | Acquired 2019 |
Acquired 2004 | Acquired 2018 |
Acquired 2012 | Acquired 2019 |
Acquired 2017 | Acquired 2018 |
Acquired 2021
Revenue | |
26.4 | |
22.6 | |
1HFY22 | 1HFY23 |
Adjusted EBITDA
3.8 | |
3.2 | |
1HFY22 | 1HFY23 |
Revenue | |
21.7 | 22.1 |
1HFY22 | 1HFY23 |
Adjusted EBITDA
3.2 | 3.2 |
1HFY22 | 1HFY23 |
Revenue | |
1.5 | |
0.8 | |
1HFY22 | 1HFY23 |
Adjusted EBITDA
(0.2) (0.2)
1HFY22 1HFY23 3
- Compelling Pinpoint-Invest-Exit (PIE) strategy
- Niche market leadership positions
- Consistent shareholder returns
4
Our proven strategy in action - Pinpoint
Strengthening the portfolio
HEVAC & HES
- Ormandy acquired the assets of HEVAC & HES for £852k*
- Complementary product ranges
- Widens product portfolio - including aftermarket offering
- Team in Elland will move to Ormandy's Bradford site
- Site rationalisation will reduce total overhead costs
* Post period end | 5 |
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Disclaimer
Avingtrans plc published this content on 19 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2023 13:49:02 UTC.