Eaton MTL

MTL Instruments Group

News

News

Preliminary Results for year ending

2006 03 27 The MTL Instruments Group plc Preliminary Results for the year ended 31 December 2005 MTL Instruments Group 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.
  Year ended
31 December 2005
Year ended
31 December 2004
Change
Orders £76.6m £64.2m +19%
Sales £74.2m £63.4m +17%
Profit before tax £7.1m £5.7m +25%
Basic EPS 25.7p 19.8p +30%
Dividend per share 7.0p 6.25p +12%
Highlights • Record year for orders, sales and operating profit • Strong investment levels in main markets, particularly oil and gas sector • Like for like sales growth of 10% before first time contribution from GeCma • All businesses grew with Surge Technologies and MOST providing main organic growth • Net operating cash inflow of £5.9m, in line with 2004 Malcolm Coster, Chairman of The MTL Instruments Group plc, commented: “I am delighted with the continued progress we have made throughout the Group in 2005 and we start the current year in a strong position. Our order intake so far is up on 2005 and conditions in most of our markets continue to be buoyant. I foresee further progress in 2006." For Further Information: Graeme Philp Chief Executive, The MTL Instruments Group plc 01582 407250 Terry Garrett / Stephanie Badjonat Weber Shandwick Square Mile 020 7067 0700