Stobart Group announces interim results for first six months

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By LoadstarEditorial

22/10/2015

Stobart Group Limited, the support services and infrastructure group, today announces its interim results for the six months to 31 August 2015.

Financial highlights

Revenue from continuing operations unchanged at £57.6m (2014: £57.6m)
Underlying EBITDA up 3.4% to £9.0m (2014: £8.7m)
Cash generated from continuing operations increased to £2.3m (2014: £0.6m outflow)
Net debt of £51.9m comprising vehicle financing of £29.7m and other debt of £22.2m, giving gearing to equity of 13.2%
Underlying earnings per share from continuing operations increased to 1.58p (2014: 0.97p)
Proposed interim dividend of 2.0p (2014: 2.0p) per ordinary share

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