Ultra Electronics Holdings (ULE)

1,699.00p
   
  • Change Today:
      28.00p
  • 52 Week High: 1,981.00
  • 52 Week Low: 1,571.00
  • Currency: UK Pounds
  • Shares Issued: 69.81m
  • Volume: 126,838
  • Market Cap: £1,186.08m
  • RiskGrade: 87
  • Beta: 0.64

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.

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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 1,699.00p
Change Today 28.00p
% Change 1.68 %
52 Week High 1,981.00
52 Week Low 1,571.00
Volume 126,838
Shares Issued 69.81m
Market Cap £1,186.08m
Beta 0.64
RiskGrade 87

ULE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.16% below the market average80.16% below the market average80.16% below the market average80.16% below the market average80.16% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
40.59% below the market average40.59% below the market average40.59% below the market average40.59% below the market average40.59% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Income
31.53% above the market average31.53% above the market average31.53% above the market average31.53% above the market average31.53% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
85.12% below the market average85.12% below the market average85.12% below the market average85.12% below the market average85.12% 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 2
Buy 0
Neutral 8
Sell 0
Strong Sell 0
Total 10
neutral
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 16-Apr-2014

Time Volume / Share Price
16:36 600 @ 1,699.00p
16:35 55,725 @ 1,699.00p
16:29 7 @ 1,697.00p
16:29 32 @ 1,697.00p
16:29 190 @ 1,698.00p

ULE Key Personnel

Chair Douglas Caster
Finance Director Paul Dean
CEO Rakesh Sharma
Finance Director Mary Waldner

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