Highlights
A significant year of development for the Group, culminating in our admission to AIM in October 2014
Total Group revenues increased up 24.6% to £119m (2013: £95.5m)
Revenue growth across all business segments:
o Home Improvements division reported sales of £84.3m (2013: £71.2m)
o Energy Generation and savings segment sales were £23.9m (2013: £20.8m)
o The Insulation Division sales in the year were £8.4m (2013: £1.2m)
o Repair and Renewal Service Agreements business achieved £2.4m sales during the year (2013: £2.2m)
Group operating profit before exceptional items rose 69.5% to £10.3m (2013 £6.1m)
Profit before tax increased 47.9% to £9m (2013: £6.1m)
EBTIDA grew 65.6% to £10.6m in 2014 (2013: 6.4m)
The Group also witnessed a significant shift in its profitability splits in 2014 compared to previous years, with a more equal distribution of profits among the different business segments
Net cash at 31 October 2014 of £5.8m (2013: (£1.8m))
Adjusted earnings per share increased 57.7% to 12.3p (2013: 7.8p)
Special interim dividend of 1.5p per share
This morning, MoU announced with FlowGroup plc to allow Entu to sell, install and maintain Flowgroup's electricity-generating domestic boiler and to market Flowgroup's home energy offer, through its Job Worth Doing subsidiary
Commenting on the Full Year Results, Ian Blackhurst said:
"This has been a significant year of development for the Group, culminating in our admission to AIM in October 2014. We have strengthened our leading positions in our target markets across the UK, buoyed by our strong brand reputation, our national coverage, and by steadily improving consumer demand.
"Our primary strategy is to focus on driving organic growth from our diversified, fully integrated product portfolio, and also, over time, through the development of new product and service offerings, in particular, energy efficiency products and services.
"With our market leading positions, diversified product portfolio and deep customer knowledge, we are able to look forward to the future with confidence, and the Board believes Entu is well positioned to deliver growth and shareholder value."
