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Boston Beer Reports Second Quarter 2021 Results
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Investegate |AFC Energy Plc Announcements | AFC Energy Plc: Half-year Report
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o Revenue down 12% underlying o Cash operating income² down 13% underlying; 11% margin o Adjusted³ operating profit down 19% underlying; 9% margin o Adjusted profit before tax down 20% underlying o Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment o Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn bank facilities; statutory net cash £199m
The Company was incorporated on 15 Feb 2018 as private company in England and Wales with Registered Number 11208220 under the Companies Act 2006. The Company re-registered as a plc. on 20 February 2019.
The Company has not yet commenced business and no dividends have been declared or paid since the date of incorporation. The address of its registered office is Eastcastle House, 27/28 Eastcastle Street, London, W1W 8DH.
The Financial statements are presented in Sterling, which is the Company s functional and presentational currency and has been prepared under the historical cost convention.
1.1 Basis of preparation
The financial statements are prepared in accordance with applicable International Financial Reporting Standards ( IFRS ) including standards and interpretations issued by the International Accounting Board, as adopted by the European Union.
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