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FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its results for the six months ended 31 August 2019.
|Six months to 31st August||2019||2018||Change|
|Profit before tax||£8.4m||£7.6m||+12%|
|Reported diluted EPS||24.2p||21.7p||+11%|
|Interim dividend per share||8.5p||7.7p||+10%|
|Net debt **||£60.2m||£24.2m|
*Adjusted for share-based payments and acquisition costs; H1 2020 adjusted EBITDA (excluding impact of IFRS 16): £20.2m (+12%)
**Excluding lease obligations under IFRS 16
Seamus Keating, Executive Chairman of FD, commented: “We successfully executed on our strategy during the period, signing a number of key contracts across our business, and making strong progress towards securing landmark contracts in the markets we are targeting across Industry. We continue to progress our search for a new CEO following the passing in July of our founder, Brian Conlon, and we will provide an update when the process is complete.
Our financial performance was solid, and we are encouraged by the growing momentum through the period that provides confidence in achieving another year of strong growth, in line with consensus forecasts*.”
*The Group believes consensus revenue and adjusted EBITDA (excluding the impact of IFRS 16) forecasts for the year to 29 February 2020 to be £242.9m and £43.8m respectively.