중간 결과
INTERIM RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2023
FW 소프 PLC - a group of companies that design, manufacture and supply professional lighting systems - is pleased to announce its interim results for the six months ended 31 December 2023.
재무 하이라이트:
짬 2024년(미감사) | 짬 2023 (unaudited) |
| ||
수익 | £ 82.6m | £ 81.9m | 1% | |
영업 이익 (before acquisition adjustments)* | £ 12.3m | £ 12.6m | -2 % | |
영업 이익 | £ 11.2m | £ 11.0m | 2% | |
과세 전 소득 | £ 10.7m | £ 10.6m | 1% | |
주당 기본 수입 | 7.31p | 7.15p | 2% | |
*Acquisition adjustments include amortisation of intangible assets. |
· Interim dividend 1.70p (Interim 2023: 1.62p) - 4.9% increase
· Steady performance during the period, supported by, margin improvements at Thorlux and Lightronics
· Zemper improved export revenues to France and Belgium
· Other UK companies showing marginal improvement overall
· Net cash generated from operating activities - £14.0m (Interim 2023: £9.9m)
Note: This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 (MAR).
자세한 내용은 문의하시기 바랍니다 :
FW 소프 PLC |
|
Mike Allcock - Chairman and Joint Chief Executive | 01527 583200 |
Craig Muncaster - Joint Chief Executive and Group Financial Director | 01527 583200
|
Singer Capital Markets - 추천 고문 |
|
제임스 모트 / 샘 부처 | + 020 7496 3000
|
의장의 임시 성명서
Results for the half year are in line with the expectations given in the Group's November trading update, overall performance being broadly level with last year's. It seems that customers finished for Christmas very early: December was particularly slow across all parts of the Group, thus suppressing results at the half year point when compared with the prior year. I am pleased to say that trading bounced back with a vengeance in January, giving the Group a good start for its run-in to the full year.
Raw material costs, the Group's largest costs, are showing welcome reductions, whilst inflationary pressure on wages and salaries remains. The Group is experiencing some issues with rising shipping costs again and some minor supply delays due to the situation in the Red Sea region. The Group has, overall, managed these inflationary pressures well, with Group operating margins maintained; Thorlux and Lightronics, in particular, show margin improvements. Stock has continued to be reduced in a carefully controlled way whilst good stock levels are maintained for strategically important items.
In Spring 2024, some interesting patent-applied-for products are being launched. These new products have a unique approach to sustainability, being 3D machined from oak which is harvested from sustainable European forests. (Hopefully, one day, the Group will be able to use its own wood from its sustainable forests.) The Portland traffic range has started to gather traction following receipt of some sizeable first orders. Group product synergy initiatives have advanced, and the Group's first shared technology emergency range, designed and manufactured by Zemper, is due for launch this summer. In recent weeks, Ratio sales in the UK have started to gather some momentum, especially for the IO7 illuminated post; however, the UK and the Netherlands are loss making in these early days whilst investment is made in improved technology to satisfy market requirements.
The road to Net Zero continues, and the Group's short and long term objectives are currently being assessed by a third party, the Science Based Targets initiative (SBTi). The Group's internal programme of improvement continues, and an investment of around £300k has been made, at Solite, to trial a new concept of powder coating using electricity for heating the oven, with only intermittent boosting from the gas supply when required. Powder coating facilities across the Group are extensive, so the Board will watch this trial with interest; big reductions in CO2 are forecast, due to reduced gas usage in favour of solar-produced or sustainable electricity. The £2m woodland investment in Longtown, Hereford, UK, has completed, and plans and planning applications are progressing to allow the next phase of the Group's carbon offsetting activity, which will ultimately facilitate the planting of a further 130,000-plus trees. As the Group hopes to continually reduce its carbon emissions, it expects this scheme's planting capacity to last for a decade, and hopefully much more.
As a result of ongoing performance and the strong balance sheet, the Board has approved a dividend of 1.70p (interim 2023: 1.62p) for the six months to 31 December 2023, being an increase of 4.9%.
At the time of writing, the general order book and revenue for the Group as a whole are good. Within the Group, therefore, we look forward to an improved situation at the year end, providing there are no sudden changes to the economic outlook.
마이크 올콕
의장
월 14 2024
FW 소프 PLC
통합 소득 명세서
31년 2023월 XNUMX일까지 XNUMX개월 동안
| |||
| 31.12.23 (six months to) | 31.12.22 (six months to) | 30.06.23 (twelve months to) |
(감사하지 않음) | (감사하지 않음) | (감사) | |
| |||
£'000 | £'000 | £'000 | |
| |||
수익 | 82,593 | 81,853 | 176,749 |
| |||
영업 이익 | 11,203 | 10,979 | 27,832 |
| |||
금융 수입 | 424 | 261 | 716 |
재정 비용 | (312) | (620) | (1,094) |
합작 투자 손실 비율 | (597) | - | (520) |
| |||
과세 전 소득 | 10,718 | 10,620 | 26,934 |
|
| ||
소득세 비용 | (2,148) | (2,240) | (5,000) |
| |||
해당 기간 동안의 이익 | 8,570 | 8,380 | 21,934 |
|
|
Dividend rate per share: |
| ||
짬 | 1.70p | 1.62p | 1.62p |
끝 | - | - | 4.84p |
주당 순이익 | -기본 | 7.31p | 7.15p | 18.72p |
| - 희석 | 7.31p | 7.15p | 18.70p |
종합 소득에 대한 통합 명세서
31년 2023월 XNUMX일까지 XNUMX개월 동안
| |||
| 31.12.23 (six months to) | 31.12.22 (six months to) | 30.06.23 (twelve months to) |
| |||
(감사하지 않음) | (감사하지 않음) | (감사) | |
| |||
£'000 | £'000 | £'000 | |
| |||
해당 기간 동안의 이익 | 8,570 | 8,380 | 21,934 |
| |||
기타포괄손익/(비용) |
| ||
|
| ||
당기손익으로 재분류될 수 있는 항목 |
| ||
해외사업장 환산차이 | 223 | 1,323 | 231 |
|
| ||
| 223 | 1,323 | 231 |
|
| ||
당기손익으로 재분류되지 않는 항목 |
| ||
Revaluation of financial assets at fair value through other comprehensive income * | 290 | 82 | (105) |
관련 이연법인세의 움직임 | (73) | (20) | 26 |
Actuarial loss on pension scheme ** | - | - | (123) |
Movement on unrecognised pension surplus ** | - | - | 177 |
| |||
| 217 | 62 | (25) |
| |||
해당 기간의 기타포괄손익(세금 제외) | 440 | 1,385 | 206 |
| |||
해당 기간 총 포괄 손익 | 9,010 | 9,765 | 22,140 |
|
|
All comprehensive income is attributable to the owners of the company.
* The gain on the revaluation of financial assets at fair value through other comprehensive income of £290,000 is due to the increase in market value of these investments.
** No interim actuarial valuation undertaken
재무 상태에 대한 통합 명세서
31년 2023월 XNUMX일 현재
~에서 | ~에서 | ~에서 | |
31.12.23 | 31.12.22 | 30.06.23 | |
(감사하지 않음) | (감사하지 않음) | (감사) | |
자산 | £'000 | £'000 | £'000 |
비유동 자산 |
| ||
재산, 식물 및 장비 | 38,752 | 36,372 | 38,763 |
무형 자산 | 70,308 | 71,601 | 70,891 |
투자 자산 | 4,757 | 1,974 | 1,986 |
상각후원가 금융자산 | 242 | 1,622 | 1,587 |
지분계정투자 및 공동약정 | 5,042 | 6,267 | 5,592 |
기타 포괄 손익을 통한 공정 가치의 금융 자산 | 3,654 | 3,553 | 3,364 |
이연 법인세 자산 | 391 | 259 | 382 |
| 123,146 | 121,648 | 122,565 |
유동 자산 |
| ||
재고 | 30,159 | 37,889 | 33,437 |
매출 채권 및 기타 채권 | 35,333 | 31,881 | 35,733 |
상각후원가 금융자산 | 3,202 | 1,800 | 1,266 |
단기금융자산 | 4 | 5 | 4 |
현금 및 현금성 자산 | 31,295 | 21,104 | 35,013 |
총 유동 자산 | 99,993 | 92,679 | 105,453 |
총자산 | 223,139 | 214,327 | 228,018 |
부채 |
| ||
유동 부채 |
| ||
매입 채무 및 기타 채무 | (36,438) | (38,274) | (37,457) |
금융 부채 | (1,179) | (1,057) | (1,435) |
리스 부채 | (761) | (742) | (812) |
당기 법인세 부채 | (1,288) | (865) | (1,143) |
총 유동 부채 | (39,666) | (40,938) | (40,847) |
순유동 자산 | 60,327 | 51,741 | 64,606 |
|
| ||
비유동 부채 |
| ||
기타 채무 | (5,476) | (10,810) | (11,987) |
금융 부채 | (1,220) | (1,622) | (1,461) |
리스 부채 | (3,543) | (3,534) | (3,822) |
부채 및 요금에 대한 조항 | (3,449) | (3,377) | (3,299) |
이연 법인세 부채 | (6,058) | (4,231) | (6,261) |
비유동 부채 | (19,746) | (23,574) | (26,830) |
총 부채 | (59,412) | (64,512) | (67,677) |
|
| ||
순자산 | 163,727 | 149,815 | 160,341 |
| |||
회사 소유주에 귀속되는 자본 |
| ||
발행된 자본금 | 1,189 | 1,189 | 1,189 |
프리미엄 계정 공유 | 3,026 | 2,927 | 2,976 |
자본상환준비금 | 137 | 137 | 137 |
외화 환산 준비금 | 2,262 | 3,131 | 2,039 |
이익 잉여금 |
| ||
1월 XNUMX일 | 154,000 | 139,392 | 139,392 |
Profit for the year attributable to owners | 8,570 | 8,380 | 21,934 |
기타 이익잉여금 변동 | (5,457) | (5,341) | (7,326) |
157,113 | 142,431 | 154,000 | |
총 자본 | 163,727 | 149,815 | 160,341 |
연결자본변동표
31년 2023월 XNUMX일까지 XNUMX개월 동안
주식 자본 | 프리미엄 공유 | 자본 상환 준비금 | 외화환산준비금 | 이익 잉여금 | 총 자본 | |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
30 년 2022 월 XNUMX 일 잔액 | 1,189 | 2,827 | 137 | 1,808 | 139,392 | 145,353 |
포괄적 인 수입 |
| |||||
Profit for six months to 31 December 2022 | - | - | - | - | 8,380 | 8,380 |
기타 포괄 손익 | - | - | - | 1,323 | 62 | 1,385 |
총 포괄 손익 | - | - | - | 1,323 | 8,442 | 9,765 |
소유자와의 거래 |
| |||||
행사된 주식선택권 | - | 100 | - | - | - | 100 |
주주에게 지급된 배당금 | - | - | - | - | (5,403) | (5,403) |
소유자와의 총 거래 | - | 100 | - | - | (5,403) | (5,303) |
31 년 2022 월 XNUMX 일 잔액 | 1,189 | 2,927 | 137 | 3,131 | 142,431 | 149,815 |
포괄적 인 수입 |
| |||||
Profit for six months to 30 June 2023 | - | - | - | - | 13,554 | 13,554 |
연금제도에 대한 보험수리적 이익 | - | - | - | - | (123) | (123) |
Movement on unrecognised pension surplus | - | - | - | - | 177 | 177 |
기타포괄손익을 통한 금융자산의 공정가치 재평가 | - | - | - | - | (187) | (187) |
관련 이연법인세의 움직임 | - | - | - | - | 46 | 46 |
해외사업장 환산환율차 | - | - | - | (1,092) | - | (1,092) |
총 포괄 손익 | - | - | - | (1,092) | 13,467 | 12,375 |
소유자와의 거래 |
|
| ||||
행사된 주식선택권 | - | 49 | - | - | - | 49 |
주주에게 지급된 배당금 | - | - | - | - | (1,898) | (1,898) |
소유자와의 총 거래 | - | 49 | - | - | (1,898) | (1,849) |
30 년 2023 월 XNUMX 일 잔액 | 1,189 | 2,976 | 137 | 2,039 | 154,000 | 160,341 |
포괄적 인 수입 |
| |||||
Profit for six months to 31 December 2023 | - | - | - | - | 8,570 | 8,570 |
기타 포괄 손익 | - | - | - | 223 | 217 | 440 |
총 포괄 손익 | - | - | - | 223 | 8,787 | 9,010 |
소유자와의 거래 |
|
| ||||
행사된 주식선택권 | - | 50 | - | - | - | 50 |
주주에게 지급된 배당금 | - | - | - | - | (5,674) | (5,674) |
소유자와의 총 거래 | - | 50 | - | - | (5,674) | (5,624) |
| ||||||
31 년 2023 월 XNUMX 일 잔액 | 1,189 | 3,026 | 137 | 2,262 | 157,113 | 163,727 |
현금 흐름의 통합 명세서
31년 2023월 XNUMX일까지 XNUMX개월 동안
31.12.23 (six months to) | 31.12.22 (six months to) | 30.06.23 (twelve months to) | |
(감사하지 않음) | (감사하지 않음) | (감사) | |
£'000 | £'000 | £'000 | |
운영에서 발생하는 현금 |
| ||
과세 전 소득 | 10,718 | 10,620 | 26,934 |
에 대한 조정 |
| ||
- 유형자산의 감가상각 | 2,349 | 2,048 | 4,289 |
- Depreciation of investment property | 23 | 10 | 20 |
- 무형자산의 상각 | 2,445 | 1,770 | 4,454 |
- Profit on disposal of property, plant and equipment | (104) | (58) | (192) |
- 순재정(수입)/지출 | (112) | 359 | 378 |
- Retirement benefit contributions less current and past service charge | (107) | (73) | 54 |
- Share of joint venture loss | 597 | - | 520 |
- 연구개발비 공제 | (277) | (182) | (382) |
- Effects of exchange rate movements | (641) | 394 | 952 |
운전 자본의 변화 |
| ||
- 재고 | 3,409 | (2,136) | 3,117 |
- 매출 채권 및 기타 채권 | 506 | 3,008 | (98) |
- Payables and provisions | (2,935) | (3,921) | (3,830) |
운영에서 발생하는 현금 | 15,871 | 11,839 | 36,216 |
납부한 세금 | (1,827) | (1,964) | (4,341) |
영업 활동에서 발생한 순 현금 | 14,044 | 9,875 | 31,875 |
투자 활동으로 인한 현금 흐름 |
| ||
부동산, 플랜트 및 장비 구매 | (2,893) | (4,133) | (7,739) |
자산, 플랜트 및 장비 판매 수익 | 216 | 155 | 535 |
무형 자산 매입 | (1,295) | (1,157) | (2,255) |
자회사 매입(현금취득 순액) | - | (12,603) | (12,602) |
자회사 주식 매입 | (4,290) | (5,293) | (6,445) |
투자 부동산 구매 | (2,143) | - | (22) |
Net sale of financial assets at fair value through Other Comprehensive Income | - | - | 1 |
부동산 임대 및 이와 유사한 소득 | 25 | 23 | 93 |
배당 소득 | 85 | 102 | 209 |
단기금융자산 순인출 | - | 5,074 | 5,075 |
받은이자 | 204 | 137 | 434 |
Receipts from loans receivable | - | - | 1,813 |
Issue of loans receivable | (650) | (437) | (1,748) |
투자 활동에 사용 된 순 현금 | (10,741) | (18,132) | (22,651) |
금융 활동으로 인한 현금 흐름 |
| ||
보통주 발행으로 인한 순수익 | 50 | 100 | 149 |
리스부채의 추가 | - | - | 203 |
차입금 | - | 1,006 | 1,039 |
차입금 상환 | (522) | (1,787) | (2,532) |
리스 지불의 주요 요소 | (423) | (334) | (789) |
이자 지급 | (153) | (94) | (339) |
Payments to non-controlling interests | (447) | - | - |
회사 주주에게 지급되는 배당금 | (5,674) | (5,403) | (7,301) |
금융 활동에 사용 된 순 현금 | (7,169) | (6,512) | (9,570) |
환율변동이 현금에 미치는 영향 | 148 | 368 | (146) |
현금 및 현금 등가물의 순 감소 | (3,718) | (14,401) | (492) |
기간 시작시 현금 및 현금 등가물 | 35,013 | 35,505 | 35,505 |
기말의 현금 및 현금 등가물 | 31,295 | 21,104 | 35,013 |
중간재무제표에 대한 주석
1. 준비의 기초
The consolidated interim financial statements for the six months to 31 December 2023 have been prepared in accordance with the AIM Rules for Companies, UK adopted International Accounting Standards and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards, with future changes being subject to endorsement by the UK Endorsement Board.
The figures for the period to 31 December 2023 and the comparative period to 31 December 2022 have not been audited or reviewed and are therefore disclosed as unaudited. The figures for 30 June 2023 have been extracted from the financial statements for the year to 30 June 2023, which have been delivered to the Registrar of Companies. The interim financial statements do not constitute statutory accounts within the meaning of the Companies Act 2006.
The financial statements are presented in Pounds Sterling, rounded to the nearest thousand.
The interim financial statements are prepared under the historical cost convention, modified by the revaluation of certain current and non-current investments at fair value through profit or loss and through other comprehensive income.
The accounting policies set out in the financial statements for the year ended 30 June 2023 have been applied consistently throughout the Group during the period.
2. 부문별 분석
The segmental analysis is presented on the same basis as that used for internal reporting purposes. For internal reporting FW Thorpe is organised into twelve operating segments, based on the products and customer base in the lighting market - the largest business is Thorlux, which manufactures professional lighting systems for the industrial, commercial and controls markets. The businesses of SchahlLED and Thorlux Lighting Limited are included in this segment in accordance with the Group's internal reporting. The businesses in the Netherlands, Lightronics and Famostar, are material subsidiaries and disclosed separately as Netherlands companies. The businesses in the Zemper Group are also material and disclosed separately as Zemper Group.
The seven remaining continuing operating segments have been aggregated into the "other companies" segment based on their size, comprising the entities Philip Payne Limited, Solite Europe Limited, Portland Lighting Limited, TRT Lighting Limited, Thorlux L.L.C, Thorlux Australasia PTY Limited and Thorlux Lighting GmbH.
FW Thorpe's chief operating decision-maker (CODM) is the Group Board. The Group Board reviews the Group's internal reporting in order to monitor and assess the performance of the operating segments for the purpose of making decisions about resources to be allocated. The CODM reviews the performance of the business by considering the key profit measure of operating profit, including the impact of associated contingent consideration arrangements, and considers that none of the other operating segments are of sufficient size and distinction to be reviewed separately when making Group wide strategic decisions. Assets and liabilities have not been segmented which is consistent with the Group's internal reporting.
Inter-segment adjustments to operating profit consist of property rentals on premises owned by FW Thorpe Plc, adjustments to profit related to stocks held within the Group that were supplied by another segment.
2. 세그먼트 분석(계속)
| Thorlux | 네덜란드 기업 | Zemper 그룹 | 기타 기업 | 인터 구획
| 금액 계속 행정부 |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
31개월~2023년 XNUMX월 XNUMX일 |
|
|
|
|
|
|
외부고객에 대한 수익 | 46,465 | 18,118 | 8,959 | 9,051 | - | 82,593 |
Revenue to other Group companies | 1,717 | 99 | 9 | 1,850 | (3,675) | - |
총 수익 | 48,182 | 18,217 | 8,968 | 10,901 | (3,675) | 82,593 |
EBITDA | 9,151 | 4,101 | 1,774 | 925 | 69 | 16,020 |
감가상각 및 상각 | 2,274 | 633 | 1,288 | 622 | - | 4,817 |
인수조정 전 영업이익 | 7,414 | 3,576 | 935 | 303 | 69 | 12,297 |
영업 이익 | 6,877 | 3,468 | 486 | 303 | 69 | 11,203 |
순금융소득 | 112 | |||||
합작 투자 손실 지분 | (597) | |||||
세금비용차감전순이익 |
|
|
|
|
| 10,718 |
Included in the Thorlux segment are additional revenues from SchahlLED of £9.1m and operating profit of £0.5m. Acquisition adjustments includes amortisation for intangible assets. | ||||||
| Thorlux | 네덜란드 기업 | Zemper 그룹 | 기타 기업 | 인터 구획
| 금액 계속 행정부 |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
31개월~2022년 XNUMX월 XNUMX일 | ||||||
외부고객에 대한 수익 | 46,964 | 16,746 | 8,676 | 9,467 | - | 81,853 |
Revenue to other Group companies | 2,026 | 317 | - | 2,342 | (4,685) | - |
총 수익 | 48,990 | 17,063 | 8,676 | 11,809 | (4,685) | 81,853 |
EBITDA | 8,747 | 3,193 | 1,761 | 938 | 168 | 14,807 |
감가상각 및 상각 | 1,724 | 451 | 1,012 | 641 | - | 3,828 |
인수조정 전 영업이익 | 8,046 | 2,850 | 1,199 | 297 | 168 | 12,560 |
영업 이익 | 7,023 | 2,742 | 749 | 297 | 168 | 10,979 |
순 금융 비용 | (359) | |||||
세금비용차감전순이익 | 10,620 |
Included in the Thorlux segment are additional revenues from SchahlLED of £6.7m and operating profit of £0.4m. Acquisition adjustments includes amortisation for intangible assets.
| Thorlux | 네덜란드 기업 | Zemper 그룹 | 기타 기업 | 인터 구획
| 금액 계속 행정부 |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
30년 2023월 XNUMX일까지 |
|
|
|
|
|
|
외부고객에 대한 수익 | 101,859 | 36,226 | 19,328 | 19,336 | - | 176,749 |
Revenue to other Group companies | 3,601 | 417 | - | 4,667 | (8,685) | - |
총 수익 | 105,460 | 36,643 | 19,328 | 24,003 | (8,685) | 176,749 |
EBITDA | 21,458 | 7,952 | 4,205 | 2,392 | 588 | 36,595 |
감가상각 및 상각 | 4,212 | 983 | 2,307 | 1,261 | - | 8,763 |
인수조정 전 영업이익 | 18,062 | 7,187 | 2,801 | 1,131 | 588 | 29,769 |
영업 이익 | 17,246 | 6,969 | 1,898 | 1,131 | 588 | 27,832 |
순 금융 비용 | (378) | |||||
합작 투자 이익 지분 | (520) | |||||
세금비용차감전순이익 | 26,934 |
Included in the Thorlux segment are additional revenues from SchahlLED of £16.9m and operating profit of £1.4m. Acquisition adjustments includes amortisation for intangible assets.
3. Purchase of shares in subsidiaries
On 3 October 2023, the Group purchased a further 13.5% of the share capital of Electrozemper S.A. with a cash payment of £4.3m (?5.0m), as part of its commitment to acquire the remaining shares.
4. 주당순이익
The basic earnings per share is calculated on profit after taxation and the weighted average number of ordinary shares in issue of 117,237,021 (Interim 2023: 117,191,586) during the period.
The diluted earnings per share is calculated on profit after taxation and the weighted average number of potentially dilutive ordinary shares in issue of 117,306,123 (Interim 2023: 117,292,983) during the period.
5. 배당금
The interim dividend is at the rate of 1.70p per share (Interim 2023: 1.62p) and based on 117,271,586 shares in issue at the announcement date the dividend will amount to £1,994,000 (Interim 2023: £1,899,000). The interim dividend will be paid on 19 April 2024 to shareholders on the register at the close of business on 22 March 2024, and the shares become ex-dividend on 21 March 2024.
For the year ended 30 June 2023 , a final dividend of 4.84p (2022: final 4.61p) per share amounting to £5,674,000 (2022: £5,403,000) was paid on 24 November 2023.
6. Availability of interim statement
Copies of the interim report are being sent to shareholders and will also be available from the company's registered office or on the company's website (www.fwthorpe.co.uk) from 26 March 2024.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.