AEA

A world leading energy & climate change consultancy

Highlights

Financial summary

 

Orders £39.6 million (2009: £63.1 million)

 

Revenue £50.6 million (2009: £51.0 million)

 

Adjusted operating profit £2.1 million (2009: £4.2 million) 1

 

Operating loss £6.7 million (2009: profit £3.2 million)

 

Adjusted profit before tax £1.1 million (2009: £3.7 million) 1

 

Loss before tax £8.8 million (2009: profit £0.2 million)

 

Net cash flow generated from business operations £2.3 million inflow (2009: £0.6 million outflow) 2

 

Secure revenue for the current year of £89.9 million (2009: £99.2 million) 3

 

Net debt £31.7 million (30 September 2009: £32.0 million, 31 March 2010: £26.2 million)

     

1

 

A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.

2

 

A reconciliation of Net cash flow generated from business operations to Cash (used in)/generated from operations is given below the

   

Consolidated statement of cash flows in the alternative performance measures.

3

 

Secure revenue is the element of orders to date that the Group expects to be delivered in the current financial year.

Strategic and operational

 

Significant forward order book of c $600 million 1

 

Expect to bid in excess of $400 million in the US this year

 

Now a leading advisor to the US Government following the transformational acquisition of ERG

 

Excellent growth is already being delivered in the US

 

Major contract wins with DOE ($9.8 million) and Patent and Trademark Office ($6.6 million)

 

UK market conditions remain tough

     

1

 

Forward order book includes signed contracts where the related revenue is likely to be spread over a number of years plus a

   

conservative estimate of future revenue under framework agreements.