Engineering Solutions For The Global Energy Sector

Presentation of results for the year ended 31 March 2014

FINANCIAL HIGHLIGHTS
•Strong revenue growth to £43.2 million
–up 33% on a pro rata basis (15 months to 31 March 2013: £40.5 million)
•Significantly increased profit of £2.3 million
–up £2.2million on a pro rata basis (15 months to 31 March 2013: £0.1million)
•Trading* earnings per share of 6.51 pence
–up 121% on a pro rata basis (15 months to 31 March 2013: 3.68 pence)
•Net debt of £8.3million (2013: £8.5million), a significant improvement in net debt to trading EBITDA ratio
–1.5:1 at 31 March 2014 from 2.6:1 on a pro rata basis at 31 March 2013
•New committed UK banking and borrowing facilities of £14.2 million
–increased headroom
–extended debt maturity profile
–lower cost

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