Renold plc (LON:RNO), a leading international supplier of industrial chains and related power transmission products, has announced its audited results for the year ended 31 March 2024.
Financial highlights
£m | 2024 | 2023 | Change | Change (constant currency)1 |
Revenue | 241.4 | 247.1 | -2.3% | +0.9% |
Adjusted operating profit2 | 29.7 | 24.2 | +22.7% | +27.3% |
Return on sales2 | 12.3% | 9.8% | +250bps | +260bps |
Adjusted profit before tax2 | 22.1 | 18.6 | +18.8% | |
Net debt3 | 24.9 | 29.8 | ||
Adjusted earnings per share2 | 7.8p | 6.5p | +20.0% | |
Ordinary dividend per share | 0.5p | – | ||
Additional statutory measures | ||||
Operating profit | 30.5 | 22.9 | +33.2% | |
Profit before tax | 22.9 | 17.3 | +32.4% | |
Basic earnings per share | 8.3p | 5.7p | +45.6% |