£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

713.7m726.3m785.8m775.4m

Revenue growth, %

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

Cost of goods sold

494.3m499.5m536.6m545.2m

Gross profit

219.4m226.8m249.2m230.2m

Gross profit Margin, %

31%31%32%30%

Sales and marketing expense

1.9m1.6m1.1m1.1m

General and administrative expense

137.7m143.0m144.9m134.9m

Operating expense total

195.0m162.5m161.2m135.9m

EBIT

39.5m66.4m89.7m61.5m

EBIT margin, %

6%9%11%8%

Interest expense

18.2m15.4m33.7m13.3m

Pre tax profit

21.5m34.8m67.6m60.6m

Income tax expense

15.0m9.8m9.4m11.7m

Net Income

6.5m25.0m58.3m48.9m

Half Year

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

Revenue

341.0m331.7m366.6m366.4m350.5m

Cost of goods sold

246.2m

Gross profit

94.8m

Gross profit Margin, %

28%

Sales and marketing expense

521.0k

General and administrative expense

54.0m

Operating expense total

56.4m

EBIT

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

EBIT margin, %

1%15%16%16%14%

Interest expense

5.2m3.0m

Pre tax profit

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

Income tax expense

8.8m10.8m

Net Income

37.0m36.6m

Ultra Electronics Balance Sheet

Annual

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

334.0m308.7m343.6m378.2m443.3m

PP&E

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

Goodwill

461.5m569.0m415.6m394.5m

Total Assets

797.0m864.8m1.0b1.1b1.1b

Accounts Payable

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

Short-term debt

51.8m

Current Liabilities

305.8m268.1m238.0m229.7m289.0m

Long-term debt

170.8m341.0m331.3m172.2m

Non-Current Liabilities

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

Total Debt

170.8m341.0m331.3m224.0m

Total Liabilities

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

Common Stock

3.5m3.5m3.5m3.9m

Additional Paid-in Capital

3.5m56.1m61.1m64.0m200.9m

Retained Earnings

10.1m246.1m238.7m228.0m262.6m

Total Equity

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

EPS

0.30.40.80.7

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

46.1m

Accounts Receivable

78.5m

Inventories

64.4m

Current Assets

349.3m

PP&E

63.1m

Goodwill

318.2m

Total Assets

899.7m

Accounts Payable

89.9m

Current Liabilities

279.4m

Non-Current Liabilities

286.0m

Total Liabilities

565.4m

Common Stock

3.5m

Additional Paid-in Capital

54.7m

Retained Earnings

276.2m

Total Equity

334.3k

EPS

0.5

Financial Leverage

2.7 k x

Ultra Electronics Cash Flow

Annual

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

Net Income

38.2m

Depreciation and Amortization

43.0m45.6m49.5m42.2m

Accounts Receivable

74.0m(2.3m)(339.0k)(15.4m)

Inventories

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

Accounts Payable

(57.3m)(44.4m)(19.0m)24.4m

Cash From Operating Activities

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

Purchases of PP&E

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

Cash From Investing Activities

(120.4m)(171.2m)10.0m(12.2m)

Long-term Borrowings

(68.3m)(160.5m)(114.4m)(169.0m)

Dividends Paid

28.1m(29.7m)(31.3m)(32.6m)(35.0m)

Cash From Financing Activities

(24.1m)63.4m129.3m(87.0m)14.8m

Net Change in Cash

773.0k11.7m5.9m20.8m80.1m

Half Year

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

Cash From Operating Activities

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

Purchases of PP&E

(5.1m)

Cash From Investing Activities

(111.9m)

Dividends Paid

(20.5m)

Cash From Financing Activities

93.1m

Net Change in Cash

16.5m
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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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