Andrews Sykes Group (ASY)

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 587.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 742.50
  • 52 Week Low: 497.50
  • Currency: UK Pounds
  • Shares Issued: 41.86m
  • Volume: 5,508
  • Market Cap: £245.92m
  • RiskGrade: 186

Earnings down as Andrews Sykes focuses on costs and cash

By Josh White

Date: Wednesday 05 May 2021

LONDON (ShareCast) - (Sharecast News) - Heating, cooling and pumping hire specialist Andrews Sykes reported revenue of £67.26m from continuing operations in its preliminary results on Wednesday, down from £77.25m year-on-year.
The AIM-traded firm said its EBITDA from continuing operations fell to £26.1m for the year ended 31 December, from £28.52m in 2019, while its operating profit slid to £16.39m from £19.3m.

Basic earnings per share from total operations came in at 30.87p, compared to 35.61p for 2019.

The company reported a net cash inflow from operating activities of £22.26m, up from £18.52m in the prior year, while net funds at year-end slipped to £7.67m from £12.14m.

Its board proposed a final dividend of 11.5p per share, up from 10.5p at the end of 2019, as interim and final dividends paid per equity share totalled 46.1p for the year, compared to 23.8p in the prior year.

"Andrews Sykes' trading continues to be resilient despite the unprecedented challenge posed by the coronavirus pandemic," said chairman Jacques-Gaston Murray.

"Despite unprecedented circumstances, we are encouraged by how the business has constantly adapted to overcome operational issues.

"While lockdowns and 'stay at home' guidance have affected traditional opportunities in the facilities management and events sectors, we have instead capitalised on demand from other industries to generate profitable revenue."

Murray said the company's "extensive involvement" with a number of pandemic-related projects ensured consistent boiler and chiller revenue through the year, supported by an "exceptional year" for its UK pump hire business, which finished the year up 3% on the previous year's revenue.

"Cost control, cash and working capital management continue to be priorities for the group," he said.

"Capital expenditure is concentrated on assets with strong returns - in total £4.9m was invested in the hire fleet this year, lower than the normal level due to the decline in customer demand."

In addition, Murray said the group invested a further £0.3m in property, plant and equipment.

"These actions will ensure that the group's infrastructure and revenue generating assets are sufficient to support future growth and profitability.

"Hire fleet utilisation, condition and availability continue to be the subjects of management focus."

At 0900 BST, shares in Andrews Sykes Group were down 1.75% at 560p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASY Market Data

Currency UK Pounds
Share Price 587.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 742.50
52 Week Low 497.50
Volume 5,508
Shares Issued 41.86m
Market Cap £245.92m
RiskGrade 186

ASY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average
68.89% below the sector average68.89% below the sector average68.89% below the sector average68.89% below the sector average68.89% below the sector average
Price Trend
27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average
8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average
Income
19.04% above the market average19.04% above the market average19.04% above the market average19.04% above the market average19.04% above the market average
16.92% below the sector average16.92% below the sector average16.92% below the sector average16.92% below the sector average16.92% below the sector average
Growth
33.95% below the market average33.95% below the market average33.95% below the market average33.95% below the market average33.95% below the market average
48% below the sector average48% below the sector average48% below the sector average48% below the sector average48% below the sector average

ASY Dividends

  Latest Previous
  Special Interim
Ex-Div 05-Oct-23 05-Oct-23
Paid 03-Nov-23 03-Nov-23
Amount 59.40p 11.90p

Trades for 28-Mar-2024

Time Volume / Share Price
14:14 2,500 @ 571.00p
14:26 139 @ 594.50p
14:25 18 @ 571.00p
12:09 1,334 @ 595.20p
11:28 8 @ 604.90p

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