Results Highlights

Results Highlights

The Results Highlights are extracted from
the 2015 Annual Report and Financial Statements (PDF).

2015 RESULTS HIGHLIGHTS

•  All difficulties in one major fixed-price development project resolved;
•  Won a £4m contract to develop a Customs Compliance Management Information System for the UK Ministry of Defence;
•  Secured an EU-funded contract from Thales Alenia Space France valued at over €5m for the Galileo Ground Mission Segment;
•  Appointed as the supplier for the Second Large Scale Framework Agreement for the BBC’s Audio Edit and Playout Systems across radio divisions using our dira! product;
•  Revenues of £36.1m (2014: £40.4m) – 4% lower at constant currency;
•  Earnings per share of 1.3p (2014: 7.7p) – reflecting impact of problem contract;
•  Operating profit fell to £0.8m (2014: £3.2m);
•  Reinstatement of dividends and proposed full year dividend of 1.78p (2014: 1.61p) (subject to shareholder approval at the AGM);
•  2016 opening order book of £37.2m (2015: £30.3m).

 

 

KEY PERFORMANCE INDICATORS

Measuring our progress against
our strategic goals

Revenue
The 2015 target was to increase growth by 3% per annum, but revenues were down by £4.3m.

Operating
Profit Margin
The target was to achieve 8% adjusted operating profit by end of 2015 – the actual margin achieved was 2.2%.

Adjusted Profit Margin

Operating Profit Margin

Please refer to the CEO’s Review on pages 6 to 9 and to the Finance Director’s report on pages 18 to 19 for a detailed explanation of all of the above.

Dividend

* subject to shareholder approval at the AGM

The Results Highlights are extracted from
the 2015 Annual Report and Financial Statements (PDF).