£350.5 M

Ultra Electronics Revenue H1, 2018
Ultra Electronics EBIT (H1, 2018)47.9 M
Ultra Electronics Cash, 31-Dec-2017149.5 M
Ultra Electronics EV1.4 B

Ultra Electronics Revenue

Ultra Electronics revenue was £775.40 m in FY, 2017 which is a 1.3% year over year decrease from the previous period.

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Ultra Electronics Revenue Breakdown

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Ultra Electronics revenue breakdown by business segment: 42.5% from Maritime & Land, 31.3% from Communications & Security and 26.2% from Aerospace & Infrastructure

Ultra Electronics revenue breakdown by geographic segment: 16.6% from Rest of World, 49.6% from USA, 10.1% from Continental Europe, 20.8% from United Kingdom and 2.9% from Other

Ultra Electronics Income Statement

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

713.7 m726.3 m785.8 m775.4 m

Revenue growth, %

(4%)2%8%(1%)

Cost of goods sold

494.3 m499.5 m536.6 m545.2 m

Gross profit

219.4 m226.8 m249.2 m230.2 m

Gross profit Margin, %

31%31%32%30%

Sales and marketing expense

1.9 m1.6 m1.1 m1.1 m

General and administrative expense

137.7 m143 m144.9 m134.9 m

Operating expense total

195 m162.5 m161.2 m135.9 m

EBIT

39.5 m66.4 m89.7 m61.5 m

EBIT margin, %

6%9%11%8%

Interest expense

18.2 m15.4 m33.7 m13.3 m

Pre tax profit

21.5 m34.8 m67.6 m60.6 m

Income tax expense

15 m9.8 m9.4 m11.7 m

Net Income

6.5 m25 m58.3 m48.9 m

Half Year

GBPH1, 2014H1, 2015H1, 2017H1, 2017H1, 2018

Revenue

341 m331.7 m366.6 m366.4 m350.5 m

Cost of goods sold

246.2 m

Gross profit

94.8 m

Gross profit Margin, %

28%

Sales and marketing expense

521 k

General and administrative expense

54 m

Operating expense total

56.4 m

EBIT

4.8 m50.4 m57.7 m57.6 m47.9 m

EBIT margin, %

1%15%16%16%14%

Interest expense

5.2 m3 m

Pre tax profit

45.8 m47.4 m52.4 m52.3 m43.6 m

Income tax expense

8.8 m10.8 m

Net Income

37 m36.6 m

Ultra Electronics Balance Sheet

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

30.6 m41.3 m45.5 m74.6 m149.5 m

Accounts Receivable

85.6 m91.6 m92.1 m97.7 m205.6 m

Inventories

57.8 m73.7 m81.8 m78.2 m76.6 m

Current Assets

334 m308.7 m343.6 m378.2 m443.3 m

PP&E

59.1 m94.6 m68.2 m66.2 m59.2 m

Goodwill

461.5 m569 m415.6 m394.5 m

Total Assets

797 m864.8 m1 b1.1 b1.1 b

Accounts Payable

85.7 m92.9 m70.7 m68.3 m215.1 m

Short-term debt

51.8 m

Current Liabilities

305.8 m268.1 m238 m229.7 m289 m

Long-term debt

170.8 m341 m331.3 m172.2 m

Non-Current Liabilities

170.7 m279.6 m447.5 m478.1 m282.7 m

Total Debt

170.8 m341 m331.3 m224 m

Total Liabilities

476.5 m547.7 m685.5 m707.9 m571.6 m

Common Stock

3.5 m3.5 m3.5 m3.9 m

Additional Paid-in Capital

3.5 m56.1 m61.1 m64 m200.9 m

Retained Earnings

10.1 m246.1 m238.7 m228 m262.6 m

Total Equity

320.5 m317.1 m316.8 m363.5 m512.2 m

EPS

0.3 0.4 0.8 0.7

Debt to Equity Ratio

0.5 x1.1 x0.9 x0.4 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x0.2 x

Financial Leverage

2.5 x2.7 x3.2 x2.9 x2.1 x

Half Year

GBPH1, 2014

Cash

46.1 m

Accounts Receivable

78.5 m

Inventories

64.4 m

Current Assets

349.3 m

PP&E

63.1 m

Goodwill

318.2 m

Total Assets

899.7 m

Accounts Payable

89.9 m

Current Liabilities

279.4 m

Non-Current Liabilities

286 m

Total Liabilities

565.4 m

Common Stock

3.5 m

Additional Paid-in Capital

54.7 m

Retained Earnings

276.2 m

Total Equity

334.3 k

EPS

0.5

Financial Leverage

2.7 k x

Ultra Electronics Cash Flow

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

38.2 m

Depreciation and Amortization

43 m45.6 m49.5 m42.2 m

Accounts Receivable

74 m(2.3 m)(339 k)(15.4 m)

Inventories

(4.4 m)6.6 m8.3 m(2.1 m)

Accounts Payable

(57.3 m)(44.4 m)(19 m)24.4 m

Cash From Operating Activities

63.9 m68.7 m47.8 m92.8 m77.6 m

Purchases of PP&E

8.4 m4.6 m(4.6 m)(7.1 m)

Cash From Investing Activities

(120.4 m)(171.2 m)10 m(12.2 m)

Long-term Borrowings

(68.3 m)(160.5 m)(114.4 m)(169 m)

Dividends Paid

28.1 m(29.7 m)(31.3 m)(32.6 m)(35 m)

Cash From Financing Activities

(24.1 m)63.4 m129.3 m(87 m)14.8 m

Net Change in Cash

773 k11.7 m5.9 m20.8 m80.1 m

Half Year

GBPH1, 2014H1, 2015H1, 2017H1, 2017H1, 2018

Cash From Operating Activities

35.3 m15.8 m38.5 m30.5 m6.5 m

Purchases of PP&E

(5.1 m)

Cash From Investing Activities

(111.9 m)

Dividends Paid

(20.5 m)

Cash From Financing Activities

93.1 m

Net Change in Cash

16.5 m
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Ultra Electronics Operating Metrics

Ultra Electronics's Backlog was reported to be £969.2m in H1, 2018.
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