Financial Summary

Financial Summary – Continuing operations

	Using consistent accounting policies

Results	2019	2019	2018	Change
Revenue	£215.6m	£215.6m	£195.5m	10.0%
Adjusted EBITDA**	£70.0m	£54.0m	£48.2m	12.0%
Operating profit*	£45.2m	£46.3m	£41.3m	12.1%
Profit before tax*	£35.6m	£42.4m	£37.5m	12.0%
Earnings per share	23.2p	27.6p	25.2p	9.5%
Dividend per share - Interim***	2.4p	2.4p	2.0p	20.0%
Dividend per share - Final***	-	-	4.0p	-
Net debt	£88.5m	£88.5m	£111.3m	-20.0%

* On a consistent reporting basis is stated before amortisation, exceptional items, share based payments and IFRS16
On a revised reporting basis is stated before amortisation and exceptional items and after adoption of IFRS 16

** Adjusted EBITDA is stated before amortisation, exceptional items and share based payments and is shown before the adoption of IFRS16 on a consistent reporting basis and after IFRS16 on a revised reporting basis

*** A proposal to award a dividend for the full year to 31 December 2019 of 4.8p (2018: 4.0p) has been withdrawn due to the Board’s decision to preserve cash in light of the outbreak of COVID-19 virus.

Statutory results - continuing operations

	Using consistent accounting policies

Results	2019	2019	2018
Operating profit	£34.4m	£31.7m	£24.8m
Profit before tax	£24.8m	£27.8m	£21.0m
Earnings per share	13.4p	15.3p	13.0p

Financial Summary

Full year results 2011 - 2019

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