PRreessueltnstafotirotnhetit1le2 hmeorenths ended

S3u1btDitlecanedmaubtehorr2h0er2e1

DApatreil h2e0r2e2

Presentation Team

Mark Smith

Chief Executive Officer

Trevor Taylor

Chief Financial Officer

Presentation title here

Subtitle and author here

Executive Summary

  • • Billington is a leading UK structural steel and construction safety solutions specialist.

  • • Turnover has increased in the year and the Group remained profitable, although not yet returned to pre pandemic levels as the trading environment continues to be challenging.

  • • Dividend declared of 3 pence per share.

    Presentation title here

  • • Continued implementation of strategy to improve efficiencies, operating margins and broadening of Group offering.

  • • Despite cost headwinds many buoyant market sectors with a number of large potential opportunities for 2022.

Subtitle and author here

Financial Highlights

  • • Contracts being delivered across the full range of market sectors.

  • • Strong performance within Hoard-it, Peter Marshall Steel Stairs and Easi-Edge.

  • • Dividend declared of 3 pence per share (£388,000) - covered 2.7 times underlying earnings.

  • • Capital investment programmes ongoing, further utilising the super-deduction scheme.

  • • Margin pressure continues to be evident throughout the industry although showing signs of improvement in certain market sectors.

  • • Gross (net) cash balance of £10.3m (£9.3m) at year end.

  • • Further derisking of the Final Salary Pension Scheme assets during the period with an increase to the scheme surplus of £1.0m.

  • • Main contractors' financial stability under constant review.

  • • Prudent impairment made against a contract where the contractor has entered aPdmreinsisetrnattioantoifo£n1.1tmit. le here

  • • A numberSuofbltairtgl e apnrodjeacut tohpoprorhteunreities for 2022 in negotiation.

Income Statement

Underlying

12 months to

£'000

31 December

2021

Revenue

Total costs (excluding depreciation)

82,720

79,421

EBITDA

Group operating profit/(loss)

Net finance (expense)/income Profit/(loss) before tax Taxation

Depreciation Impairment losses

ProPfirt/e(losses)nfrtoamtcionntintuiitngle here operations

Subtitle and author here

Earnings/(loss) per share

Non Underlying 12 months to 31 December 2021

- - - - 1,123

82,720 65,955

79,421 62,385

3,299

3,299 3,570

1,960

1,960 1,911

1,339

-

(1,123)

1,123

216

- 1,659

(37)

-

(37)

8

1,302

(1,123)

179 1,667

(324)

213

(111) (298)

978

(910)

68 1,369

8.1p

(7.5)p

0.6p 11.3p

5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Billington Holdings plc published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 08:16:03 UTC.