ST Engineering - Results For The Year Ended 31 December 2016

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Results For The Year Ended 31 December 2016

FINANCIAL HIGHLIGHTS for the year ended 31 December 2016

  
2016
2015
Growth %
Revenue ($m)
6,684
6,335
6
Earnings before interest and tax (EBIT) ($m)
471.1
510.3
(8)
Other income, net ($m)
67.8
55.5
22
Finance (costs)/income, net ($m)
(12.0)
6.2
(292)
Profit before tax (PBT) ($m)
590.6
630.3
(6)
Profit attributable to shareholders ($m)
484.5
529.0
(8)
Earnings per share (cents)
15.60
17.05
(9)
Economic value added (EVA) ($m)
252.4
355.1
(29)
Return on equity (%)
22.2
24.8
NM
Dividend per share (cents)
15.0
15.0
-
• Final
10.0
10.0
 
• Interim
5.0
5.0
 

 

  • Commercial sales constituted 65% or $4.3b of revenue
  • Order book of $11.6b at end December 2016, of which about $3.7b is expected to be delivered in 2017
  • Cash and cash equivalents including funds under management totalled $1.4b
  • Advance payments from customers totalled $1.5b
  • Economic value added for FY2016 was $252.4m

Group FY2016 Audited Results

“As a Group we achieved a commendable performance for FY2016, against headwinds that continue to subdue economic growth. Comparing FY2016 against FY2015, Group revenue grew 6% to $6.68b, and Group PBT and Net Profit came in lower at $590.6m and $484.5m respectively mainly as a result of the one-off charge in 3Q2016 for the Land Systems sector’s Specialty Vehicle business in China. Excluding the one-off charge, Group PBT and Net Profit for FY2016 would have been comparable to that in FY2015.

For 4Q2016, the Group posted comparable Revenue with a higher PBT compared to the same quarter last year. At the end of 2016, the order book showed a healthy level of $11.6b. The Group’s cash and cash equivalents including funds under management at the end of FY2016 was at $1.4b.

Barring unforeseen circumstances, the Group expects FY2017 Revenue to be comparable, while PBT is expected to be higher than that of FY2016.” - President & CEO, ST Engineering

N.B.: All currencies are in Singapore dollars

 

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