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Another year of exceptional growth delivering record turnover and profits

21 March 2018

Premier Technical Services Group PLC (“PTSG” or the “Group”), the niche specialist services provider, announces its final results for the year ended 31 December 2017.

Key highlights
• Group revenue up 35% to £52.9m (2016: £39.2m).
• Strong underlying organic revenue growth of 11%.
• Gross profit up 33% to £27.1m (2016: £20.3m).
• Adjusted operating profit* increased 35% to £10.6m (2016: £7.9m).
• Adjusted profit before tax** up 36% to £10.2m (2016: £7.5m).
• Adjusted eps* up 28% to 9.73p (2016: 7.63p).
• Final dividend increased by 14% to 0.80p (2016: 0.70p).
• Divisional reorganisation unveiled in H2 2017 aligning our business with customers' needs and industry demands has been well received.
• Three acquisitions completed in the year all continue to perform well: Nimbus fully integrated, BEST integration 90% complete, UK Sprinklers Ltd fully integrated and trading 50% ahead of the acquired business with a strong order book and pipeline.
• Renewal rate has increased to 88% coupled with strong performance from the Group sales team.

John Foley, Chairman of Premier Technical Services Group PLC commented “PTSG delivered a record performance in 2017, driven by strong organic growth and a number of highly successful acquisitions, including the largest acquisition made since the Group’s IPO in February 2015.

"During the year the Group took steps to diversify and reorganise the business, to further strengthen its foundation for future growth.

"Trading in 2018 has started well. We continue to review a number of acquisition opportunities and the Board is confident that the Group’s positive organic revenue and profit momentum will continue throughout the year.”

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