Ultra Electronics Holdings (ULE)

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

1,792.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 1,981.00p
  • 52 Week Low: 1,665.00p
  • Currency: UK Pounds
  • Shares Issued: 69.88m
  • Volume: 60,698
  • Market Cap: £1,252.27m
  • RiskGrade: 84
  • Beta: 0.88

Higher profits at Ultra Electronics

Date: Monday 27 Feb 2012

LONDON (ShareCast) - Defence firm Ultra Electronics reported a 12% jump in full year pre-tax profit after strong demand for its control systems and nuclear sensors.

The group, which makes sonars for submarines, said underlying profit before tax rose to £114.9m in the year ended 31 December 2011 from £102.7m the year before. Revenue rose to £731.7m from £710.0m previously after robust demand for sensors and control systems used by the military.

However the group cautioned that cutbacks in defence budgets in the UK and US will weigh on progress in 2012 with only, "a few new platforms being commissioned in the US and UK in the near term," it said in a statement.

Ultra, which also makes aerospace and cyber-security products, said overall its order book was up 16% to £950m.

Ultra said its strategy is, "to broaden its portfolio of products and services that are positioned on a large number of international platforms and programmes in the defence, security, transport and energy markets. Ultra has a broad customer base worldwide, with sales outside the UK now representing about 70% of group revenue."

Together with the full year benefit of acquisitions made in 2011, Ultra said it is confident of continued progress in 2012 and beyond.

Ultra added that it has a robust balance sheet with headroom for further acquisitions.

A final dividend of 26.8p has been offered, up 12% from last time.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ULE Market Data

Currency UK Pounds
Share Price 1,792.00p
Change Today 14.00p
% Change 0.79 %
52 Week High 1,981.00p
52 Week Low 1,665.00p
Volume 60,698
Shares Issued 69.88m
Market Cap £1,252.27m
Beta 0.88
RiskGrade 84

ULE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.76% below the market average70.76% below the market average70.76% below the market average70.76% below the market average70.76% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
40.57% below the market average40.57% below the market average40.57% below the market average40.57% below the market average40.57% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
1.69% above the market average1.69% above the market average1.69% above the market average1.69% above the market average1.69% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
84.57% below the market average84.57% below the market average84.57% below the market average84.57% below the market average84.57% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ULE Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Apr-14 28-Aug-13
Paid 02-May-14 27-Sep-13
Amount 29.50p 12.70p

Trades for 22-Jul-2014

Time Volume / Share Price
16:35 9,973 @ 1,792.00p
16:29 82 @ 1,794.00p
16:29 32 @ 1,794.00p
16:29 106 @ 1,794.00p
16:29 6 @ 1,794.00p

ULE Key Personnel

Chair Douglas Caster
CEO Rakesh Sharma
Finance Director Mary Waldner

Top of Page