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Silverdell plc (“Silverdell” or the “Group”)
Preliminary Results for the year ended 30 September 2007
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| 12/12/2007 |
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Silverdell plc
(“Silverdell” or the “Group”)
Preliminary Results for the year ended 30 September 2007
Silverdell, a leading UK supplier of asbestos remediation and consultancy services, today announces its preliminary results for the year to 30 September 2007, being the first full year of trading since its admission to AIM in April 2006.
Financial highlights
Turnover (continuing operations) £38.5m
Operating Profit (continuing operations):-
- before goodwill amortisation £4.3m
- after goodwill amortisation
£2.9m
Earnings per share (Pence):-
- basic 2.4p
- adjusted* 7.9p
* based on profit after tax adjusted for goodwill amortisation, share based payment charge and finance charges on deferred consideration
Operating highlights
- Acquired Redhill Analysts Limited for a consideration (including acquisition costs) of £8.7m in December 2006
- Acquired Kitsons Group Limited for a consideration (including acquisition costs) of £17.8m in August 2007
- Acquired Swift Asbestos (Holdings) Ltd, for a consideration of £1.6m in October 2007
- Integration of acquisitions on plan with ongoing synergies continuing to be recognised
- Unique market position in terms of product offering and geographic scope; the only listed industry consolidator
- Major customer wins in the period include: Shell, Chapelcross, Thames Water and Marks & Spencer.
- Silverdell (UK) Limited awarded SME Contractor of the Year at the Contract Journal Awards in October 2007
Danny Spicer, Chief Executive, commented:
“The integration of our four acquisitions continues to go well: we are starting the see the benefits of the enlarged product offering and nationwide coverage as well as cost synergies across our various businesses. 2007 has been a successful year and we look forward with confidence to building on this in the future”.
Click here for Silverdell PLC Results Announcement
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Click here for Silverdell PLC Results Audio Presentation
For further information, please contact:
Chris Sims, Finance Director, Silverdell 020 7004 2744
Chris Howard, Collins Stewart 020 7523 8350
Jonathan Brill, Billy Clegg, Alex Beagley, Financial Dynamics 020 7831 3113
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