Avesco Group plc reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, revenue was £30,145,000 against £33,550,000 for the same period in the last year. Operating loss was £152,000 against £284,000 for the same period in the last year. Loss before income tax was £563,000 against £606,000 for the same period in the last year. Loss for the period was £564,000 against £658,000 for the same period in the last year. Loss attributable to the equity holders of the company was £564,000 or 2.2 pence per basic and diluted loss share against £658,000 or 2.6 pence per basic and diluted loss share for the same period in the last year. Trading loss was £135,000 against £66,000 of trading profit for the same period in the last year. Trading EBITDA was £4,328,000 against £4,732,000 for the same period in the last year. Adjusted loss per basic and diluted share was 2.1 pence against 1.2 pence for the same period in the last year. Net cash generated from operating activities was £3,947,000 against net cash used in operating activities of £173,000 for the same period in the last year. Purchase of property, plant and equipment was £7,259,000 against £10,994,000 for the same period in the last year. The quarter did benefit from the inclusion of the Paris Motor show whereas the prior year included two major events in the Middle East.

Avesco Group plc reported unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2012. For the quarter, the company reported revenue of £30,145,000 against £33,550,000 a year ago. Operating loss was £152,000 against £284,000 a year ago. Loss before income tax was £563,000 against £606,000 a year ago. Loss for the financial period was £564,000 or 2.2 pence per basic and diluted share against £658,000 or 2.6 pence per basic and diluted share a year ago. Trading loss was £135,000 against trading profit of £66,000 a year ago. Trading EBITDA was £4,328,000 against £4,732,000 a year ago. Adjusted losses per basic and diluted share were 2.1 pence against 1.2 pence a year ago. Net cash generated from operating activities was £3,947,000 against net cash used in operating activities of £173,000 a year ago. Purchases of property, plant and equipment was £7,259,000 against £10,994,000 a year ago. For the year, the company reported revenue of £143,452,000, operating income of £4,498,000, profit before income tax of £2,963,000, profit for the financial period of £1,855,000 or 7.0 pence per diluted share, trading profit of £7,384,000, trading EBITDA of £27,147,000, adjusted profit per diluted share of 20.8, Net cash generated from operating activities of £17,732,000, and purchases of property, plant and equipment of £32,539,000. Net debt as at December 31, 2012 was £27,671,000 against £22,670,000 a year ago. A final dividend for the year ended September 30, 2012 of 3.0 pence per share has been proposed and, subject to shareholders' approval, will be paid on April 8, 2013 to shareholders on the register at the close of business on March 15, 2013.

Avesco Group plc reported consolidated earnings results for the year ended September 30, 2012. For the year, the company reported revenue of £143,452,000 compared to revenue of £125,529,000 for the same period a year ago. Operating profit was £4,498,000 compared to £1,518,000 last year. Profit before income tax was £2,963,000 compared to £102,000 last year. Profit was £1,855,000 or 7.0 pence per diluted share compared to loss of £134,000 or 0.5 pence per basic and diluted share last year. Trading profit was £7,384,000 compared to £2,327,000 last year. Trading profit after net finance costs was £5,849,000 compared to £911,000 last year. Trading profit after net finance costs and current tax expense was £5,503,000 compared to £664,000 last year. Trading EBITDA was £27,147,000 compared to £20,262,000 last year. Adjusted diluted earnings per share were 20.8 pence compared to adjusted basic and diluted earnings per share of 2.6 pence last year. Net cash generated from operating activities was £17,732,000 compared to £17,884,000 last year. Purchases of property, plant and equipment and software were £32,539,000 compared to £17,954,000 last year. The net assets of the group grew over the year to £1.52 per share compared to £1.46 per share last year. External net debt was £24,765,000 compared to £12,139,000 last year. Whilst 2012 results have been good, the company must move on to the challenges of 2013, where it will not have the benefit of any major events of the same scale as last year to lift its revenue further. The company expects the major capital expenditure programme in 2012 to stand the company in good stead and allow the company to spend less in 2013 as its looks to reduce its net debt, while still leaving the company well placed to maintain strong underlying growth. The Board proposed a final dividend of 3.0 pence per share, making a total dividend of 4.0 pence per share for the year (2011: 3.0 pence), an increase of one third, reflecting both the outstanding results achieved in 2012 and its confidence in the longer term prospects for the group. The proposed dividend is expected to be paid on 8 April 2013 to shareholders on the register at the close of business on 15 March 2013.