StockMarketWire.com - Engineering group Ricardo said its order intake grew substantially in its fiscal first half, owing to both organic growth and an acquisition.

Order intake in the six months through December was in excess of £235m, which was more than £50m higher than the same period last year and represented an organic growth rate of over 25%, the company said.

The order intake included £7m in respect of the Control Point acquisition, which was completed on 8 September 2017.

The order book increased to a record high, and was in excess of £290m at the end of December 2017, including £8m in respect of the Control Point acquisition. That compared to an order book of £244m at the same time last year.


At 8:29am: [LON:RCDO] Ricardo PLC share price was +44p at 989p



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