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Telent’s EBITDA from Operating Activities rose to £27.8m (2023: £14.0m) in the year to 31 March 2024 and the company generated £40.2m of cash from operating activities.
This was attributed to improvement initiatives across all its major long-term projects and the completion of certain key project milestones.
Turnover was down at £461.5m (2023: £476.1m) due to a focus on more profitable projects. It ended the year with a forward order book worth more than £400m.
CEO Jo Gretton said: “The initiatives we have been putting in place to improve our profitability and put the business on a sound footing for growth, have borne fruit.
“We have opportunities to build on our position with existing customers and develop new areas of activity.”
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