Interim Results 2023/24
H1 Group Revenue
£23.5m
(H1 FY23: £21.3m)
H1 Group Adjusted PBT*
£4.0m
(H1 FY23: £4.5m)
H1 Group Cash
£54.8m
(H1 FY23 £63.6m)
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Results highlights
H1 Group Revenue
£23.5m
On track first half revenues of £23.5m (H1 FY23: £21.3m), driven by strong execution, up 10.5% at a headline level.
H1 Adjusted PBT*
£4.0m
Adjusted PBT of £4.0m (H1 FY23: £4.5m), reflecting planned investment in the five-year plan to develop and commercialise markerless.
H1 Net Cash
£54.8m
Cash position of £54.8m as at 31 March 2024 (H1 FY23: £63.6m), providing considerable resources to continue pursuing targeted M&A.
H1 Order book
£3.0m
Order book of £3.0m (FY23: £11.3m / H1 FY23**: £21.9m), reflecting normalisation of customer buying behaviour post supply chain challenges.
CFO comment
Oxford Metrics reports revenues of £23.5m (H1 FY23: £21.3m), up 10.5% at a headline level. The Group also reports an Adjusted PBT* of £4.0m (H1 FY23: £4.5m), which largely reflects the net effect of increased revenues less planned investment in the five-year plan to develop markerless technology, additional Vicon sales and marketing investment, increased property related costs and some inflationary related increases. During the half, we welcomed Industrial Vision Systems into the Group.
As expected, our order book has returned to more normal levels as customer demand and buying behaviours have normalised post the pandemic disruption and the well-documented global supply chain challenges throughout that time. The cash position, having paid a final dividend of £3.6m and deployed £6.2m on the acquisition of IVS, finished in a strong position at £54.8m as at 31 March 2024 (H1 FY23: £63.6m), providing considerable resources to continue pursuing targeted M&A.
Financial metrics
Revenues (£'000)
(continuing operations)
Adjusted PBT* (£'000)
(continuing operations)
Cash Generation after Tax (£'000)
- Trend
- Average
Investor metrics
EPS** (p)
Ordinary Dividends paid (p)
EV/EBITDA Multiple
Annual TSR*** (%)
- Trend
- Average
- CAGR
*Profit Before Tax before Group recharges adjusted for share-based payments, amortisation and impairment of intangibles arising on acquisition, additional Contemplas consideration deemed remuneration and exceptional costs.
**Earnings Per Share (EPS).
***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 9% over the period.
The key financials of the investor area on oxfordmetrics.com contains financial information about Oxford Metrics which has been provided for general information only. You should not take action in reliance of such information but rather make your own independent enquiries and seek the advice of a relevant professional.
Annual and Interim Results
2024
2023
Annual Results 2023
Preliminary Results 2023
Interim Results 2023
2022
Annual Results 2022
Preliminary Results 2022
Interim Results 2022
Research
Analyst coverage for Oxford Metrics is provided by:
- Numis Securities - Tintin Stormont
- Progressive Equity Research - Ian Robertson
- Canaccord Genuity - Hayley Palmer
To ensure that all shareholders and potential shareholders have access to research commentary, Oxford Metrics has commissioned Progressive Equity Research to publish research on the Company.
Financial calendar 2024
14 Feb
Proposed dividend payment
31 Mar
End of H1
18 Apr
Capital Markets Day
11 Jun
Interim Results