Highlights
Group sales up 11% benefiting from acquisitions and foreign exchange
LFL** sales increased 0.7%; UK & Ireland up 2.3% and Mainland Europe down 1.2%
Underlying PBT excluding property disposals up 14% to £45.2m
Air Handling sales ahead by 36% to €128m
Positive early signs from new Regional Distribution Centre opened in Dublin
£6m incremental benefit from the Strategic Initiatives
Successfully refinanced £130m private placement notes with existing debt providers
Reduced net debt and leverage despite seasonal working capital peak
Statutory profit before tax increased by 43% to £38.4
Dividend increased by 8% to 1.83p
