Strong Financial Performance
Operating profit and earnings per share growth of 15%, ahead of upgraded expectations. Revenue increased by 3% with double-digit revenue growth in the first half.
Operational Improvements
Operating margin grew by 210 basis points to 20.3%, achieved through operational improvements and a richer mix of revenue.
Cash Conversion and Strong Balance Sheet
Cash conversion of 106% with a net cash balance of GBP 41.4 million, supporting further investments.
Dividend Increase
Proposed a 20% increase in the dividend, reflecting the Board's confidence in financial position and prospects.
Successful Acquisition
Acquired Bolab, a niche supplier of electronics testing equipment, with integration progressing as planned.