Stobart Group announces interim results for first six months

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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