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We released our financial results for the first half of 2022 to the stock market yesterday, here are some of the key headlines: • Organic constant-currency revenue growth of 11.2%. • Adjusted operating profit margin of 13.7% • Pricing and continuous improvement efficiencies continue to more than offset inflation. • Strong sales and profit growth drives a material improvement in return on invested capital. • Adjusted earnings per share of 15.9p. • Positive cash generated from continuing operations at £45.2m, free cash flow. • Absolute CO2e emissions (from scope 1 and 2) reduced by 11% compared with 1H 2021. • Full year outlook around top end of current analysts’ forecasts. Find out more by watching or downloading the full results presentation.
Did you miss our results presentation this morning? Our half year financial results are available on demand, to watch at a time to suit you: https://www.investis-live.com/morgan-advanced-materials/62b9dcfe299ad30e0006273a/qjpp #Investors #FinancialResults
📈 Innovate To Grow 📈 Our customers have an increasing need to reduce their energy consumption and CO2e emissions. This priority supports our focus on working to innovate in traditional heavy industries whilst contributing to greener technologies. Learn more about how we're executing our strategy on our website. https://www.morganadvancedmaterials.com/en-gb/our-company/our-strategy/our-execution-priorities/
Our New Bedford team have a dedicated 'Employee Engagement Committee', focused on creating a sense of inclusion and belonging. The team are doing a fantastic job and today we're highlighting just one of their June activities; celebrating PRIDE Month. For PRIDE the team focused on creating awareness and showing their support for everyone, regardless of how they identify. They shared educational sessions (and cupcakes), proudly wore PRIDE pins and had a fun 'dress down' day where each department dressed in a different colour of the rainbow. What a wonderful collaborative way to spend PRIDE month and come together as a community.
I'm sure you've seen solar panels fixed to many roofs, maybe even used in glass on buildings too, but did you know they can generate energy while floating on water too? A new 'floating carpet' of solar panels. using the latest offshore floating solar technology, is being deployed in the North Sea. This 0.5-megawatt peak (MWp) pilot offers a potential solution to the growing land shortage to produce renewable energy and, if successful, opens a world of solar possibility. Find out more about this exciting solar innovation.
I'm sure you've seen solar panels fixed to many roofs, maybe even used in glass on buildings too, but did you know they can generate energy while floating on water too? A new 'floating carpet' of solar panels. using the latest offshore floating solar technology, is being deployed in the North Sea. This 0.5-megawatt peak (MWp) pilot offers a potential solution to the growing land shortage to produce renewable energy and, if successful, opens a world of solar possibility. Find out more about this exciting solar innovation.
We each have a responsibility to help create a more sustainable future. At Morgan we've set stretching environmental targets to ensure that we take the right action to manage our environmental impact. We're working to reduce emissions and increase our use of renewable energy, we're focused on reducing our water consumption and we're installing energy saving lighting and utilising more efficient heating. Take a look at some of the other actions we're taking.
We feel passionately about healthcare and making a positive difference, which is reflected in the innovative products produced by our teams. We aim to not only improve the quality of life with our solutions, but to ultimately transform lives for the better. To find out more about our work, watch on below 👇.
The Morgan Code governs the actions and approach of our people, our business partners, our joint venture partners and our third-party representatives. The Code reminds us to: ✔️ Work safely ✔️ Work ethically ✔️ Treat our people fairly ✔️ Protect our business Learn how the Code ensures that we do business the right way.
We are focused on creating a more sustainable, responsible and greener future for all at Morgan. Recently we were awarded the Silver EcoVadis Medal for our overall sustainability efforts in 2022. Our score represents the improvements we have made in the 4 pillars of ESG. This result places Morgan among the top 25 percent of companies assessed by EcoVadis and is a good improvement on our 2021 Bronze EcoVadis award. We’re making progress and we want to thank every person who has contributed and helped us secure silver.
