Stadium Group grows profit before tax by 45% as progress is made across a number of strategic targets

Company chairman says profitable, sustainable organic growth, as well as acquisitions, have lead to improving results

Dave Charnley Photography Chief executive of Stadium Group, Charlie Peppiatt
Chief executive of Stadium Group, Charlie Peppiatt

The Hartlepool-headquartered technology company, Stadium Group, has reported strong financial results for the year ended December 31, 2014.

During the period, the company grew normalised profit before tax by 45%, from £1.9m in 2013 to £2.7m, while revenues remained steady at £41.7m, compared to £42.2m the year before.

Statutory profit before tax, meanwhile, rose from £0.4m to £1.8m.

The group also grew its operating profit margin grow from 5.6% to 7.6%, while making progress on a number of strategic aims.

A final divided of 1.4p per share is proposed, compared to 0.75p in 2013.

Stadium chairman Nick Brayshaw said: “This is an exciting period for Stadium, and we have made positive progress against our strategic targets.

“We have continued to deliver improving results on the back of profitable and sustainable organic growth, with the addition of value accretive acquisitions.

“The initial months of 2015 have seen an encouraging start to the year, with the order book and revenues ahead of the comparable period of last year.

“We expect this improvement to continue going forward and therefore remain confident about the prospects for the current year and beyond.”

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