RTC Group PLC – Final results for the year ended 31 December 2018

RTC Group PLC – Final results for the year ended 31 December 2018

RTC Group Plc (AIM: RTC.L), the engineering and technical recruitment company, is pleased to announce its audited results for the year ended 31 December 2018.

Highlights

  • Group revenue £87.8m (2017: £71.7m), 22% increase.
  • Profit before tax £1.9m (2017: £1.2m), 58% increase.
  • Earnings per share (basic) 10.20p (2017: 7.07p), 44% increase.
  • A final dividend is proposed of 2.55p per share making total dividends in respect of the year to 31stDecember 2018 3.85p (2017: 3.5p), 10% increase.
  • 70% of gross profit generated by our more resilient contracting business.
  • All subsidiary businesses made significant progress in their respective markets during 2018, with the majority of revenue now being in the robust infrastructure sector.
  • We now offer a comprehensive range of solutions to large blue chip, mid-cap and SME engineering and manufacturing customers operating across a wide spread of industries and sectors and all at various stages of their growth cycles.
  • Since we launched our new business strategy in 2014 our Group subsidiaries have provided over 15 million hours of workforce support to our collective customers.
  • Our organic development plan of investing in our subsidiary businesses has delivered consistent and incremental growth over a number of years, has been proven, differentiates us from our competition and, through combining competitive advantage across our businesses, will continue to be the main driver of success for the Group.

Commenting on the results Andy Pendlebury, CEO said: “I am delighted to report another successful year of growth for the Group with all key financial comparators showing significant progress. Group revenue has increased for the tenth successive year and since we outlined our long-term growth plan in 2014 we have delivered EBITDA growth of 80%, EPS growth of 72% and dividend growth of over 150% to our shareholders. We have also strengthened our balance sheet and I believe our Group is in a robust financial position, is making significant progress with its strategic agenda and the Board remains highly optimistic about its future.” 

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