Augean plc announced that they will report fiscal year 2012 final results on May 09, 2013

Augean plc announced consolidated Preliminary earnings results for the year ended December 31, 2012. For the year, the company reported revenue of £42,421,000 compared to £37,459,000 for the same period a year ago. Operating profit before exceptional items was £3,258,000 compared to £1,645,000 for the same period a year ago. Operating profit was £2,888,000 compared to £1,976,000 for the same period a year ago. Profit before income tax was £2,761,000 compared to £1,389,000 for the same period a year ago. Profit before income tax and exceptional items were £2,603,000 compared to £1,058,000 for the same period a year ago. Profit for the period attributable to equity shareholders was £1,966,000 or 1.97 pence per basic and diluted share compared to £1,582,000 or 1.59 pence per basic and diluted share for the same period a year ago. Net cash generated from operating activities was £4,595,000 compared to £4,121,000 for the same period a year ago. Purchases of property, plant and equipment was £3,585,000 compared to £4,186,000 for the same period a year ago. Purchases of intangible assets were £114,000 compared to £32,000 for the same period a year ago. Adjusted basic and diluted adjusted earnings per share were 1.72 pence compared to 1.26 pence for the same period a year ago. Adjusted EBITDA increased to £6.6 million compared to £61 million for the same period a year ago. Adjusted profit before tax was £2.8 million compared to £1.4 million for the same period a year ago. The company recommends the payment of a maiden dividend of 0.25 pence per share for 2012 at the forthcoming annual general meeting. Subject to approval by shareholders at the annual general meeting, the maiden dividend will be paid on June 18, 2013 to shareholders on the register on June 14, 2013.

Augean plc announced the appointment of Dr. Stewart John Rodney Davies as Chief Executive Officer with effect from August 2013. Stewart (52) joins from Romec Ltd. where he is Managing Director. He also holds the dual role of Managing Director for Balfour Beatty Technical Services. Stewart has over 27 years of experience in the industrial services sector, working in management positions at industrial groups such as Serco, Corus and Rugby Cement. Stewart is also a Governing Board Member on the Technology Strategy Board. As announced at the time of his resignation, Paul Blacker has remained as CEO during his notice period but it is intended that he will progressively step down from his role and leave the Group by the end of March. Paul has now handed over all day to day control of commercial and operational matters to Richard Allen, who will assume the role of Interim Chief Executive Officer until Stewart joins the Group. The Board has taken steps to strengthen the Group's finance team during the interim period to ensure adequate resources are in place to enable Richard to focus on his interim role.