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Annual Results

Alent adjusted pre-tax profits up

02 March 2015 08:42

Alent reports a good year of progress with continued out-performance of key markets.

Adjusted pre-tax profits rose to £91.5m - up 4% on a reported basis and 11.3|% up at constant currencies.

Adjusted operating profits were up 1.1% on a reported basis at £95.1m - up 7.6% at constant currencies.

Chief executive Andrew Heath said: "2014 has been a year of good progress. We have delivered growth in NSV, adjusted operating profit, NSV margin and EPS on a constant currency basis. Whilst our principal end-markets have all shown modest improvement, supported by signs of better consumer confidence, Alent has continued its track record of outperforming these end-markets. Our strong relationships with OEMs alongside our global technical service presence and fast-cycle R&D has driven ongoing product innovation and enabled Alent to grow its market share.

"This improving momentum has underpinned the Board's decision to implement an increased investment plan in 2015 to help accelerate the future organic growth opportunities in the markets in which Alent operates. We anticipate that our core markets will continue to grow at a similar rate to 2014, on a global basis, during the course of this year and that Alent will continue to outperform."

At 8:42am: (LON:ALNT) Alent share price was -0.35p at 352.05p

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