6764TClarke delivers in the First Year of £500m Revenue Growth Plan : Highlights

TClarke delivers in the First Year of £500m Revenue Growth Plan : Highlights

9/3/22

Financial Highlights

RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER20212020Change
Revenue£327.1m£231.9m+41%
Operating profit – adjusted£8.8m£6.0m+47%
Profit before tax-adjusted£7.8m£5.1m+53%
Earnings per share-adjusted14.99p10.29p+46%
Net cash at year end£5.3m£10.2m-48%
Total dividend per share4.85p4.4p+10%
    
Operating profit-reported£8.8m£2.1m+319%
Profit before tax-reported£7.8m£1.2m+550%
Basic earnings per share-reported14.99p2.87p+422%

2020 adjusted operating profit, profit before tax and earnings per share are stated before amortisation of intangible assets and restructuring costs. There were no such costs in 2021.

Operational Highlights

·      Performance accelerated into the second half of 2021

·      Forward Order Book reaches record level of £534m

·      Successfully positioned winning larger projects outside of London

·      Data Centre business expanding

·      Further progress made in broadening healthcare and smart building offering

·      The Group remains on track to achieve its growth plan to reach £500m annual revenue

Mark Lawrence, CEO commented

“The business is in excellent shape having finished 2021 on a high and delivering the first year of our £500m revenue growth plan, winning a wide range of work across our chosen market sectors. This is clearly reflected in the strength of our order book which again has reached a new record high.

We offer our clients the widest possible range of services from a single contractor, complemented by the depth of our resources.

It is this quality and commitment of our people that gives us real confidence for the future performance of TClarke.”

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