RWC RESULTS FOR SIX MONTHS ENDED 31 DECEMBER 2020:   REPORTED NET PROFIT AFTER TAX RISES 82% TO $91.4 MILLION, SALES 13% HIGHER  

Net sales of $642.4 million, up 13% on the prior corresponding period  

Net sales up 17%  on a constant currency basis

Reported net profit after tax of $91.4 million, up 82%

Adjusted net profit after tax1 of $99.3 million, up 56%

EBITDA1 of $166.3 million, up 32% Strong cash generation with cash flow from operating activities up 17% to $155.6 million and operating cash flow conversion of 94% of EBITDA

Net debt reduction of $76.2 million since 30 June 2020 Americas recorded 22% constant currency sales growth for the half  

Asia Pacific constant currency sales up 14% for the period  

EMEA sales recovered strongly following COVID?19 lockdowns, up 10% for the half in constant currency  

Interim dividend 6.0 cents per share, up 33% on pcp

1 EBITDA, EBIT, Adjusted NPAT and Adjusted EPS are non?IFRS measures used by RWC to assess operating performance. These measures have not been subject to audit or review.

Disc: I hold

Presentation

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