Ron Marsh

Ron Marsh
Chairman

Chairman's Introduction

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David Hall

David Hall
Chief Executive Officer

Chief Executive's Review

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Martin Payne

Martin Payne
Chief Financial Officer

Chief Financial Officer's Report

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Our financial highlights

revenue

Increase

23.8%

2016 AR Financialhighlightsrevenue

Underlying Operating profit

Increase

28.0%

2016 AR Financialhighlightsopprofit

Profit before tax

Increase

31.1%

2016 AR Financialhighlightsprofbeforetax

Operating Cashflow after Capex*

Increase

21.9%

2016 AR Financialhighlightscashflow

Underlying Diluted EPS

Increase

28.9%

2016 AR Financialhighlightseps

* Before non-underlying items.

our operational highlights

  • Excellent UK revenue growth reflecting continued strong demand for our products with no discernible impact of the EU Referendum on our end markets
  • Legacy material substitution and legislative tailwinds driving growth ahead of the overall UK construction market
  • Nuaire successfully integrated into Group and performing in line with expectations
  • Middle East manufacturing plant commissioned and in full operation in the second half of the year
  • Significant growth in export revenue, up by 28.7%