HT Interim Results to 30 September 2014

Headlines

• Positive progress continues
  • –  Revenue up 18% to £24.0m
  • –  EBIT up 6% to £2.3m
  • –  EPS up 63% to 3.26 pence
  • –  Net debt down 6% to £8.0m representing a net debt:EBITDA ratio of 1.4x
• Order intake up 7% to £27.6m giving an order book of £33.2m at 30 September 2014
• The Luton business awarded two grants
  • –  Civil Nuclear Sharing in Growth £1.15m training grant
  • –  Regional Growth Fund £3.5m grant to develop the Luton facilities as well as fund R&D and training
• Positive outlook underpinned by a combination of market opportunity and underlying improvement