Andrews Sykes Group (ASY)

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 580.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 742.50
  • 52 Week Low: 497.50
  • Currency: UK Pounds
  • Shares Issued: 41.86m
  • Volume: 0
  • Market Cap: £242.78m
  • RiskGrade: 186

Andrews Sykes reports robust first-half growth

By Josh White

Date: Tuesday 26 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Andrews Sykes Group reported first-half revenue from continuing operations of £38.84m in its interim results on Tuesday, up from £37.9m in the first six months of 2022.
The AIM-traded company said EBITDA from continuing operations increased to £13.89m from £13.18m, while operating profit improved to £9.71m for the six months ended 30 June, from £8.49m a year earlier.

Profit for the period stood at £7.53m, jumping from the £6.48m the firm recorded in the first half of 2022.

Looking at its cash and cash equivalents, Andrews Sykes reported a drop from £34.43m last year to £24.15m on 30 June.

Despite that, net funds showed a positive movement, growing from £21.74m to £24.8m over the same period.

Basic earnings per share increased from 15.36p to 17.88p year-on-year.

While the interim dividend remained consistent at 11.9p per equity share, the company announced a significant boost in the special dividend per share, rocketing from 16.6p in the first half of 2022 to a robust 59.4p for the first six months of 2023.

"Following the company's strong first-half performance, trading in the second half of the year to date has been more mixed," said chairman Jean-Jacques Murray.

"Whilst extreme summer temperatures in southern Europe positively impacted demand for the group's chillers in Italy, a more subdued summer season in the UK has limited the overall positive impact for the group."

Murray said the firm's management remained confident of delivering full-year results in line with the board's expectations.

"In the longer term, management remains optimistic that the business will continue to improve but is mindful of the current economic climate and the impact that volatile energy prices and inflationary cost pressures can pose to the business and customer demand."

At 1104 BST, shares in Andrews Sykes Group were up 4.76% at 660p.

Reporting by Josh White for Sharecast.com.

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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 580.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 742.50
52 Week Low 497.50
Volume 0
Shares Issued 41.86m
Market Cap £242.78m
RiskGrade 186

ASY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.42% below the market average77.42% below the market average77.42% below the market average77.42% below the market average77.42% below the market average
67.82% below the sector average67.82% below the sector average67.82% below the sector average67.82% below the sector average67.82% below the sector average
Price Trend
50.43% above the market average50.43% above the market average50.43% above the market average50.43% above the market average50.43% above the market average
20.39% above the sector average20.39% above the sector average20.39% above the sector average20.39% above the sector average20.39% above the sector average
Income
19.53% above the market average19.53% above the market average19.53% above the market average19.53% above the market average19.53% above the market average
15.25% below the sector average15.25% below the sector average15.25% below the sector average15.25% below the sector average15.25% below the sector average
Growth
43.53% below the market average43.53% below the market average43.53% below the market average43.53% below the market average43.53% below the market average
62.75% below the sector average62.75% below the sector average62.75% below the sector average62.75% below the sector average62.75% 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 --2024

Time Volume / Share Price
0 @ 0.000p

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