Pdf

Revenue

£000

£78.3m

Gross profit

£000

£26.6m

Underlying operating PROFIT*

£000

£9.1m

* Before separately disclosed items which are shown in the financial statements.

Operating Profit

£000

£6.6m

Total dividend

(p)

5.78p

Net debt

£000

£14.9m

Operational highlights

  • Revenue growth of 46% on previous year
  • Underlying operating profit growth of 21.9% on previous year
  • Operating profit margin growth of 7.7% on previous year
  • Divisional gross margins maintained despite negative currency pressures
  • Six acquisitions in 2017 in line with strategy, and Beaumanor and Derek Lane & Co since year end
  • Redevelopment of office space and creation of a centralised logistics centre in England's North West
  • New Onsite Services division created
  • Pan-European expansion commenced with acquisition of Hydroflex
  • New regional Managing Directors appointed for UK and Ireland, and Benelux
  • Investment in people, infrastructure and IT to support future growth
The benefits of our acquisition strategy are apparent in the
financial performance of the Group."

Malcolm Diamond MBE

Chairman