You are here

Prices & Quotes - UK Markets - Bodycote (BOY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 823.50p
Change Today:
-12.00p
Market Cap:
1,576.64m
Sector:
Industrial Metals & Mining

Bodycote profits down amid 'tough' market conditions

By Josh White

Date: Thursday 12 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Bodycote reported a 1.2% fall in revenue in its full-year results on Thursday, to ?719.7m, or a 2% decline at constant currency.
The FTSE 250 heat treatment and coating company said its headline operating profit was down 4% for the year ended 31 December, or 5% at constant exchange rates, to ?134.9m.

Its return on sales weakened to 18.7% from 19.3%, while its headline profit before tax was down 5% at actual and constant currency, at ?130.2m.

Free cash flow was down 8% year-on-year at ?123.1m, while basic headline earnings per share were 7% weaker, at 52.1p.

Bodycote reported a return on capital employed of 17.7%, which was down from 18.9% in 2018.

The board described the 18.7% margin for the year as "resilient", despite some tough market conditions, adding that it had taken "significant" actions in a bid to reduce costs.

Civil aerospace revenues were up 17%, and specialist technologies revenues were ahead 3%, with that division said to be continuing to outperform.

Classical heat treatment revenues were 4% lower, although the company noted that revenues in emerging markets were 5% higher.

Bodycote said its free cash flow conversion was "strong" at 91%, and reported a total expansionary investment of ?61m in strategic growth areas during the year.

The ?154m acquisition of Ellison Surface Technologies strengthened its aerospace business and its specialist technologies division, with that transaction expected to complete in the first quarter.

Its board said the full-year ordinary dividend was being raised 5.3% to 20p, although no special dividend was being paid for the year, knocking 20p off the total dividend for 2019.

"Bodycote delivered a robust performance in 2019, achieving a resilient operating margin despite challenging market conditions," said group chief executive Stephen Harris.

"2020 has started with a number of challenges, notably Covid-19, and ongoing international trade tensions."

Harris said the potential impact of the Covid-19 coronavirus pandemic was "difficult to assess" at the current time.

"However, Bodycote has a proven track record of margin enhancement through cost management and improving the mix of business and we will continue to manage the cost base in response to market conditions whilst investing in our strategic growth areas of aerospace, specialist technologies and emerging markets."

At 0854 GMT, shares in Bodycote were down 11.86% at 565p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Bodycote Market Data

Currency UK Pounds
Price 823.50p
Change Today -12.00p
52 Week High 984.50p
52 Week Low 687.50p
Volume 127,382
Shares Issued 191.46m
Market Cap 1,576.64m
Beta 0.95

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 5
Sell 1
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bodycote Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Oct-21 22-Apr-21
Paid 05-Nov-21 04-Jun-21
Amount 6.20p 13.40p

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 85,772 @ 823.50p
16:29 355 @ 821.00p
16:29 6 @ 821.00p
16:29 6 @ 821.00p
16:29 7 @ 821.00p

Bodycote Key Personnel

CEO Stephen C Harris
CFO Dominique Yates
Chair Anne Quinn