News
Preliminary Results for the year ended 30 June 2008
31 December 2008
Cashbox (AIM:CBOX), the independent Automated Teller Machine ("ATM") installer and operator, announces its preliminary results for the year ended 30 June 2008.
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|
Year ended |
Year ended |
Machines installed at period end |
2,045 |
1,442 |
Turnover £000 |
4,675 |
4,380 |
Gross Profit £000 |
1,768 |
1,161 |
Gross Margin % |
38 |
27 |
EBITDA *† £000 |
(2,000) |
(3,510) |
Loss on ordinary activities before exceptionals* £000 |
(3,003) |
(4,056) |
Loss on ordinary activities after exceptionals £000 |
(3,003) |
(6,741) |
Loss per share before exceptionals*(pence) |
(3.4) |
(6.3) |
Loss per share after exceptionals (pence) |
(3.4) |
(10.5) |
Net debt £000 |
5,016 |
2,204 |
* There were no exceptional items for the year ended 30 June 2008. Exceptional items for the year ended 30 June 2007 were £2,000,000 and £685,000 relating to litigation settlement costs and lease termination costs respectively.
† EBITDA is defined as Earnings before interest, tax, depreciation and amortisation, share based payments and exceptional items, (see note 11).
Highlights
- Installed estate increased from 1,442 to 2,045 at 30 June 2008
- Transaction revenues 12% higher
- Gross profit up 52% from last year at £1.8m
- Successfully completed two acquisitions in July and October 2008, adding 892 sites to the Cashbox estate
- Raised £1.5m of new equity and £1.5m in a convertible loan post year end to provide further working capital, as well as funding for acquisition and integration purposes
- Settlement reached with Royal Bank of Scotland relating to Hanco litigation and in September 2008, replacing the £1.8m debt with a convertible with five year term
For further information:
| Cashbox plc | |
| David Auger, Chief Financial Officer | Tel: +44 (0) 1256 441 000 |
| dauger@cashboxplc.co.uk | www.cashboxplc.co.uk |
| Seymour Pierce Limited | |
| Jonathan Wright | Tel: +44 (0) 20 7107 8000 |
| www.seymourpierce.com | |
| Fairfax I.S. PLC | |
| Ewan Leggat | Tel: +44 (0) 20 7598 5368 |
| www.fairfaxplc.com |
Media enquiries:
| Threadneedle Communications | |
| Josh Royston / Graham Herring | Tel: +44 (0) 20 7936 9606 |
| www.threadneedlepr.co.uk |
DOWNLOAD
The full results are available to
view and download in PDF format.
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