Record Order Intake
The company reported a record GBP 488 million of order intake, marking a 42% increase from the previous year, contributing to a record order book of GBP 1.3 billion.
Revenue and Profit Growth
Revenue increased by 5%, operating profit rose by 8%, and earnings per share grew by 3%, driven by strong performance in the Countermeasures & Energetics segment.
Countermeasures & Energetics Segment Performance
This segment saw a 20% revenue growth, a 73% increase in operating profit, and a margin increase to 14.4%.
Strong Cash Conversion
The company achieved a strong cash conversion at 80%, with GBP 46 million of CapEx spent, partially offset by GBP 13 million of grant funding.
Positive Market Environment
Global defense spending is rising, with increased demand for products due to geopolitical tensions and military developments.
Innovation in Electronic Warfare
The launch of the Deceive system in electronic warfare drew international interest from over 15 countries.