Order intake is up 13% yoy to £1.95bn. Revenues were down 2% yoy to £1.86bn, below the expectation of £1.89bn. Operating profit was up 5% to £112m. EPS was 3.1p, down from 3.7p in FY17. Positive net cash position of £10m vs. £383.5m net debt last year. Expectation of progress in 2019 remains unchanged, organic growth should reach c. +2% in FY19.
