Strong Revenue Growth
The company achieved an 11% organic revenue growth during the period, marking continued double-digit growth over the last two years.
Significant Cash Flow Improvement
Cash conversion was at 80%, with free cash flow reaching GBP95 million, significantly ahead of the previous period.
EPS and Dividend Increase
Earnings per share (EPS) increased by 14%, and the dividend was up 18% to 2p.
Nuclear Segment Performance
The Nuclear segment experienced a 22% organic growth, with Civil Nuclear up 30%. Margins improved significantly to 8.7%, hitting the medium-term goal ahead of schedule.
Debt Reduction
The company's debt was reduced to 0.6 times on the gearing ratio, showcasing a stronger balance sheet.
Positive Developments in Strategic Partnerships
New partnerships and collaborations, including a joint venture with HII in Australia and significant contracts with PGZ and Saab, indicate strategic growth and expansion.