Engineering group posts strong results despite ‘turbulent’ automotive sector

Engineering group Ricardo has hailed a resilient annual performance as its diversification across sectors and geographies helped combat a ‘turbulent backdrop’ in the automotive sector. The company, which has a large testing facility in Leamington Spa, saw its order book increase to £314m for the year to the end of June, up £19m on the previous year, while revenue was up 2% to £384.4m. Underlying profit before tax was similar to prior year at £37m, dipping by £500,000. The group's overall order intake reduced by 7% to... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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