06 December 2005
Preliminary Results Announcement
Highlights
|
Year ended 30 September
2005 |
Year ended 30 September
2004 |
% change |
Turnover |
£78.5m |
£60.8m |
29% |
Profit before tax |
£23.0m |
£15.7m |
46% |
Headline pre-tax profit* |
£26.0m |
£18.1m |
44% |
Diluted earnings per share |
5.5p |
3.8p |
45% |
Headline diluted earnings per share** |
6.6p |
4.7p |
40% |
Dividend per share |
2.75p |
2.2p |
25% |
|
|
|
|
• Strong growth in core markets
•
Headline pre-tax profits up 44% to £26m
• Good contribution from biennial Moscow Oil
and Gas exhibition and the one-off World Petroleum
Congress
• Headline diluted earnings per share up 40%
to 6.6p
• Total dividend increased by 25% to 2.75p per
share
• Recent acquisitions successfully integrated
and benefiting from ITE ownership
•
£37m of cash returned to shareholders through
share buy back and dividends
Commenting on the results, Iain Paterson, Chairman,
said:
“ITE’s performance during the year confirms
the strength of our business and the growth potential
in our markets. During the year the core business
grew strongly. In addition we benefited from one-off
and biennial exhibitions. We continue to demonstrate
our ability to grow our leading events, launch new
exhibitions and integrate bolt-on acquisitions.
“The Group’s focus on emerging and
developing markets provides many opportunities
and ITE, with
its strong and established presence in its key markets,
is well placed to continue to capitalise on them.
The momentum we have seen in 2005 has continued into
the current financial year and the business is performing
in line with our expectations. We are confident of
the prospects for 2006.”
* Headline pre-tax profit is defined as profit before
tax, amortisation and impairment of goodwill (including
associates) and profits or losses arising on disposal
of group undertakings - see the Profit and
Loss Account for details
** Headline diluted earnings per share is calculated
using profit before amortisation and impairment of
goodwill (including associates) and profits or losses
arising on disposal of group undertakings.
Download Full
Preliminary Results
Enquiries:
Ian Tomkins |
ITE Group PLC |
020 7596 5000 |
Charles Palmer/Tim Spratt |
Financial Dynamics |
020 7831 3113 |
Go Back
|
|