Interim report
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Judges Scientific ple ( " Judges Scientific " , " the Company " , or " the Group " ) Interim results for the six months ended 30 June 2021 Performance recovering , order book restored to pre - pandemic levels , and strong cash generation . 15 % increase to interim dividend . Judges Scientific , the group focused on acquiring and developing companies in the scientific instrument sector , announces its Interim Results for the six months ended 30 June 2021 . Key financials Period ended 30 June H1 2021 H1 2020 Change Revenue £ 43.0m £ 37.4m 14.7 % Adjusted * pre - tax profit £ 8.5m £ 6.4m 31.5 % Adjusted * basic earnings per share 111.0p 84.2p 31.8 % Cash generated from operations £ 8.0m £ 5.1m 56.5 % Interim dividend per share 19.0p 16.5p 15.2 % Statutory pre - tax profit £ 6.7m £ 4.3m 55.4 % Statutory basic earnings per share 88.4p 57.8p 52.9 % As at : 30 Jun 2021 31 Dec 2020 Adjusted * net debt ( excl . IFRS 16 ) £ 1.7m £ 5.7m Cash balances £ 17.6m £ 15.5m Statutory net debt ( excl . IFRS 16 ) £ 1.7m £ 5.7m Other financials Outlook Organic ** revenue increased 5 % against H1 2020 . Organic ** order intake up 25 % compared with H1 2020 ; and 3 % up compared with record H1 2019 . Organic ** order book at 16.1 weeks ( H1 2020 : 10.8 weeks ) ; total order book at 17.6 weeks . New £ 60m five - year bank facility to provide greater acquisition financing capability . Business recovering from the initial impact of Covid - 19 . Environment still challenging , with marked differences between local markets and between the various scientific disciplines we serve . Organic orders remain positive and to the end of August are 23 % up compared to the same period in 2020 . Organic order book at the end of August was 18.8 weeks and total order book 20.1 weeks . The Board is confident that the Group will exceed existing market expectations for the current year . * Adjusted earnings figures are stated before adjusting items relating to hedging of risks materialising after the end of the period , amortisation of acquired intangible assets , share based payments and acquisition - related costs . Adjusted net debt notionally includes acquisition - related payments which had yet to be settled at the balance sheet date and excludes IFRS 16 debt . ** Organic designates group performance excluding the businesses which were not part of the group on 1 January 2020 . Alex Hambro , Chairman of Judges Scientific , commented :