Results Centre

Half year ended 30 September 2016Strong organic growth plus the successful integration of two acquisitions has delivered this excellent set of results.

Results for the half year ended 30 September 2016

Group Revenue for the half year

£121.7m (+16%)

  • Profit before tax and amortisation increased 9% to £18.7 million (H1 2016: £17.2 million)
  • Revenues 16% ahead at £121.7 million (H1 2016: £105.1 million)
  • Strong return on average capital employed at 15.6% (H1 2016: 16.1%)
  • Capital investment in rental fleet up 28% to £29.9 million (H1 2016: £23.4 million)
  • EPS, pre-amortisation, increased 8% to 37.9 pence per share (H1 2016: 35.1 pence per share)
  • 12% increase in interim dividend to 6.00 pence per share (H1 2016: 5.35 pence per share)

“Strong organic growth plus the successful integration of two acquisitions has delivered this excellent set of results.  Increased capital investment into market opportunities gives us confidence that we will be able to deliver results ahead of market expectations for the year as a whole.”

  H1 2016/17 H1 2015/16   2015/16 2014/15  
Profit before tax and amortisation £18.7m £17.2m +9% £29.8m £26.8m +11%
Revenue £121.7m £105.1m +16% £208.7m £205.6m +2%
Earnings per share pre amortisation 37.89p 35.14p +8% 62.21p 54.45p +14%
Dividend per share 6.0p 5.35p +12% 18.85p 16.50p +14%
Return on average capital employed 15.6% 16.1%   16.3% 16.2%