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Electronics Production |
Stadium: Revenues of GBP 42.22m
UK-based EMS provider Stadium Group Plc reported on improved results for the year (ended 31. December 2013) following a strong second-half performance, in line with management expectations.
Commenting on the results and outlook, Chairman Nick Brayshaw OBE said: “2013 has been a transformational year for the Group. The business has undergone significant organisational change both in its UK and Asian operations and the leadership team has been strengthened with the recruitment of a number of experienced senior managers. The Group is now in a much stronger position with a business model and structure to support focused growth and drive further operational improvements.
We have made a solid start to the new financial year, demonstrating the benefits from our self‐help and restructuring activities. A positive book-to-bill ratio underlines the success of our integrated sales approach and commercial initiatives, which are delivering new business from both existing and new customers. Consequently we continue to anticipate an improving trading performance as we progress through 2014.”
Financial headlines:
- Revenues of £42.22m (2012: £40.99m)
- Adjusted profit before tax of £1.86m (2012: £1.44m)
- Reported profit before tax of £0.43m (2012: £1.77m)
- Strong cash conversion from underlying operations of 209%
- Cash of £4.0m, offset by loans of £3.9m, results in net cash of £0.1m
- Adjusted earnings per share of 5.3 pence (2012: 3.1 pence)
- Reported earnings per share of 0.5 pence (2012: 4.2 pence)
- The Board proposes a final dividend of 0.75 pence per share (2012: 1.75 pence)
- Total dividends (paid and proposed) of 1.20 pence per share (2012: 2.80 pence)
