materially higher closing orderbook year-on-year, with increased visibility20 Jan 2022 07:14
Group performance
We closed the year with strong performance in the final quarter with several important wins across all parts of the portfolio. This was achieved despite the ongoing global supply chain challenges which have been managed extremely effectively.
Strong order intake growth continued through to the end of the year, resulting in full year revenue growing by 10 per cent (7 per cent organically1) to $576 million. We now expect to deliver an adjusted operating profit2 slightly ahead of market consensus3, which represents good earnings growth over 2020.
The growth in orders resulted in a materially higher closing orderbook year-on-year, with increased visibility into outer years creating a robust foundation for the new financial year.
Cash closed at $175 million, with high cash conversion driven by continued effective working capital management.