Interim Results 2021

17 August 2021

Genuit Group Plc

Agenda

  1. INTRODUCTION
  2. FINANCIAL SUMMARY
  1. BUSINESS REVIEW
  2. SUMMARY & OUTLOOK

Introduction

  • Continue to prioritise the health, safety and wellbeing of our colleagues with backdrop of volume increases
  • Strong H1 performance despite COVID-19, supply constraints and cost inflation
  • Revenue 32.4% higher than H1 2019 and 13.8% higher like-for-like
  • All three acquisitions made in the period are performing well, with Adey continuing to exceed expectations
  • Continued investment in new products in line with our strategic growth drivers
  • Progress against 2025 ESG targets
  • Good start to H2
  • The Board now expects underlying operating profit for the year to be ahead of management's previous expectations

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Agenda

  1. INTRODUCTION
  2. FINANCIAL SUMMARY
  1. BUSINESS REVIEW
  2. SUMMARY & OUTLOOK

Financial highlights

  • Net revenue 32.4% ahead of H1 2019
  • On a like-for-like basis, net revenue 13.8% higher than H1 2019
  • Underlying operating profit of £48.6m 23.7% above H1 2019
  • Underlying operating margin of 16.4%
  • Profit before tax of £33.8m 7.6% above H1 2019
  • Net debt of 1.5 times pro forma EBITDA in line with expectations
  • The Group will pay an interim dividend of 4.0 pence per share

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Genuit Group plc published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 08:42:04 UTC.