The Board has declared an interim dividend increase of 7.9% to 4.1 pence (2018: 3.8 pence), reflecting improvement in underlying earnings per share.
Other financial highlights include:
Orders up 6.4% to £173.3 million (2018: £162.9 million), an increase of 2.8% at constant currency; book-to-bill ratio of 1.04
Order book of £186.8 million (31 March 2019: £171.6 million), up 8.9% (+6.0% at constant currency)
Reported revenue increased by 13.1% to £166.3 million (+9.1% at constant currency)
Adjusted operating profit from continuing operations up 22.9% at £25.8 million (+12.4% at constant currency)
Adjusted operating margin of 15.5% (2018: 14.3%), 14.7% at constant currency
Reported profit before tax up 55.2% to £18.0 million after mark-to-mark movement on currency derivatives and other adjusting items
Net cash of £14.2 million following cash conversion of 65% and one-off US pension termination payment
