The MTL Instruments Group plc
Preliminary Results for the year ended 31
December 2006
The MTL Instruments Group plc is recognised
as a world leader in the development and supply of
Intrinsic Safety, Process Control and Surge Protection
products aimed at the process control and
telecommunications industries. Many of the world’s
safety-critical processes are monitored,
controlled or protected by MTL products and the Group
is distinguished by its global network of
sales and support centres and by its acknowledged
position as a thought leader in this high
technology marketplace.
MTL has recently developed solutions
which enable process control systems to be devolved
from
the control room onto the process plant itself giving
benefits of improved control, integrity and
cost savings. This has involved the combination of
the Group’s four core technologies – Intrinsic
Safety, Surge Protection, Visualisation and Open Control
Platforms.
Performance Summary
| |
Year ended
31 December 2006 |
Year ended
31 December 2005 |
Change |
| Orders |
£87.4m |
£76.6m |
+14% |
| Sales |
£85.3m |
£74.2m |
+15% |
| Profit before tax |
£8.4m |
£7.2m |
+17% |
| Basic EPS |
28.7p |
25.7p |
+12% |
| Dividend per share |
7.5p |
7.0p |
+7% |
Highlights
• Strong top-line orders and
sales, driven by good market conditions
• Solid investment activity in our major markets:
oil and gas, petrochemical and pharmaceutical sectors
• All businesses achieved growth in 2006, the
highest growth coming from Hazardous Areas and Visualisation
• MOST achieved break-even in the second half
of 2006
• Dividend increased
Malcolm Coster, Chairman of The MTL
Instruments Group plc, commented: “I am delighted
to report a record year for MTL. We saw strong growth
across the board and conditions continue to be buoyant,
which should ensure that we make further revenue and
earnings progress in 2007.
This is despite the fact that the US dollar and euro
exchange rates to sterling are weaker compared to
2006.”
For further information:
Graeme Philp 01582 407250
Chief Executive, The MTL Instruments Group plc
Terry Garrett / Stephanie Badjonat 020
7067 0700
Weber Shandwick Financial
Details: Preliminary
Results 
(in PDF format - 77.5kB)
