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Annual Results

Exova revenues rise

03 March 2016 09:59

Exova reports a solid performance inthe year to the end of December with strong revenue growth.

Highlights:

- Revenue up 9.9% at constant currency; 7.9% at actual rates at GBP296.5m * 2.3% organic growth at constant currency demonstrating the benefit of diversification

* 7.6% growth from M&A activity ·

- 7.7% organic growth at constant currency excluding Oil & Gas and Industrials

- Eight M&A transactions completed with encouraging pipeline - Adjusted pre-tax profits of GBP40.4m (2014: GBP39.8m)

- Pro forma earnings per share of 12.2p - up from 11.9p - Proposed final dividend of 2.2p per share - up from 2.0p

At 9:59am: (LON:EXO) Exova Group Plc share price was -1.5p at 130p

Story provided by StockMarketWire.com

Related Company: EXO

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