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Cohort plc - Preliminary Results FY21/22

28 Jul 2022

Cohort plc today announces its unaudited results for the year ended 30 April 2022.

Highlights include:

  • Revenue £137.8m 
  • Adjusted operating profit1 £15.5m 
  • Adjusted earnings per share 31.08p 
  • Net funds £11.0m
  • Order intake £186.4m 
  • Order book (closing) £291.0m 
  • Proposed final dividend per share 8.35p 
  • Total dividend per share 12.20p 

Divisional overview:

  • MASS was the largest profit contributor and improved on last year
  • Another year of growth at MCL
  • Stronger result at SEA
  • Strong first full year contribution from ELAC, ahead of expectations
  • As expected, weaker result at EID
  • Disappointing performance at Chess, but 2022/23 has started better

Commenting on the results, Nick Prest CBE, Chairman of Cohort plc said: “Performance for 2021/22 was in line with our revised expectations, with robust cash generation, and a record closing order book with strong cover for the coming financial year. It is hard to predict the duration of the conflict in Ukraine and any direct benefit to the Group’s short-term trading. In the longer term we believe a more sustained growth in defence budgets is likely, both in NATO and in other parts of the world where security threats remain. Overall, we continue to expect that our trading performance for 2022/23 will be ahead of that achieved for the year ended 30 April 2022. Our order book is not only growing in value, but its longevity continues to increase. We now have orders across the Group stretching out to 2030. We are optimistic that the Group will make further progress in 2023/24, based on current orders for long-term delivery and on our pipeline of opportunities.”

To read the full report, visit the Cohort plc website

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