CFO Comment
David Deacon discusses the Interim Results for the six months ended 31 March 2019.
Overall the Group has traded well in the first half setting a new record for revenue performance on a continuing operations basis of £16.1m (H1 FY18: £14.3m), up 12.6% on last year at a headline level and 10.4% on a constant currency basis and reporting Adjusted PBT* up 16.1% to £1.7m (H1 FY18: £1.5m). The cash position, having paid a Final and Special Dividend of £3.1m in the first half, finished at £10.9m as at 31 March 2019 (H1 FY18: £9.2m). Cash generated from operations during the first half was £3.3m (H1 FY18: £3.5m); the slight decline accounted for by the intentionally higher inventory position in preparation for Brexit. The Group remains debt-free.
David Deacon
Chief Financial Officer
Interim Results 2018/19 Highlights
- Headline Group revenue of £16.1m, up 12.6% (H1 FY18: £14.3m)
- Group revenue up 10.4% on a constant currency basis
- Adjusted profit before tax up 16.1% to £1.7m (H1 FY18: £1.5m)
- Cash generated from operations (before paying interest and tax) £3.3m (H1 FY18: £3.5m)
- Cash of £10.9m as at 31 March 2019 (H1 FY18: £9.2m) after the payments of a final and special dividend worth £3.1m
- Growth initiatives at Yotta yielding results:
- Annualised Recurring Revenue (‘ARR’) up 10.7% year-on-year
- 93.2% (FY18: 95.3%) retention of growing SaaS customer base
- As at 10th June 2019, ARR stood at £6.0m
- Headline Vicon revenue up 14.4% year-on-year (11.5% at constant currency) against a strong comparator
Financial Metrics
Revenues (£'000)
(continuing operations)
Adjusted PBT* (£'000)
(continuing operations)
Recurring Revenues (£'000)
Cash Generation after Tax (£'000)
- Trend
- Average
Investor Metrics
EPS** (p)
Ordinary Dividends paid (p)
EV/EBITDA Multiple
Annual TSR*** (%)
- Trend
- Average
*Profit Before Tax before group recharges adjusted for share based payments, amortisation of intangibles arising on acquisition, fair value adjustments to IMeasureU consideration, impairment of Pimloc investment and exceptional costs.
**Earnings Per Share (EPS).
***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 20% 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
2019
- Interim Results 2019
- Download PDF
- Interim Results
Infographic 2019 - Download PDF
2018
- Annual Results 2018
- Download PDF
- Preliminary Results
Infographic 2018 - Download PDF
- Interim Results 2018
- Download PDF
- Interim Results
Infographic 2018 - Download PDF
2017
- Annual Results 2017
- Download PDF
- Preliminary Results
Infographic 2017 - Download PDF
- Interim Results 2017
- Download PDF
- Interim Results
Infographic 2017 - Download PDF
2016
- Annual Results 2016
- Download PDF
- Preliminary Results
Infographic 2016 - Download PDF
- Interim Results 2016
- Download PDF
Financial Calendar 2019
21 Feb
Annual General Meeting
31 Mar
End of half year
11 Jun
Interim Results
30 Sep
End of financial year
