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Annual Results

HellermannTyton underlying earnings up

02 March 2015 07:59

HellermannTyton - a global manufacturer and provider of high performance and innovative cable management solutions - reports another year of profitable growth despite a background of mixed economic conditions.

Revenues for the year to the end of December rose to £596.9m , up 13.5% in constant currency (up 10.9% at reported rates) with each geographic segment delivering double digit constant currency revenue growth, and strong revenue growth at reported rates.

Underlying EBITA of £90.4m, increased by 11.4% in constant currency (up 9.0% at reported rates), and operating profit was £82.9 million (2013: £63.5 million).

The proposed final dividend of 5.63 cents per share - up 7.6% - takes the full year dividend to 8.45 cents. The company says the order intake rose by 13.0% in constant currency with positive book-to-bill ratios in each region.

Chief executive Steve Salmon said: "2014 was another year of profitable growth for HellermannTyton against a background of mixed economic conditions. Encouragingly, this growth is not attributable to any one geography, customer, project win or product launch, and it primarily reflects the increased volume of sales in all of the Group's segments. "We have continued to be successful in specifying our products on customers' upcoming platforms and our world class marketing activities are delivering a strong pipeline of projects. We have expanded our global presence and extended our range of cable management products in order to provide comprehensive solutions and increase customer penetration."

Story provided by StockMarketWire.com

Related Company: HTY

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