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Ricardo Plc Interim Results Presentation Half Year Ended 31 December 2013
Ricardo plc Interim Results Presentation Half year ended 31 December 2013 © Ricardo plc 2014 HIGHLIGHTS – for the half year ended 31 December 2013 A record order book up 18% to £143m (Jun 2013: £121m) Underlying(1) profit before tax up 29% to £9.3m (Dec 2012: £7.2m) Organic(2) profit before tax up 11% to £8.0m (Dec 2012: £7.2m) Net funds up £2.1m to £8.2m (Jun 2013: £6.1m) Interim dividend up 8% to 4.3p per share (Dec 2012: 4.0p) Multi-year engine supply agreement signed with McLaren Automotive Outlook remains positive, strong platform for further growth (1) excluding specific adjusting items, which comprise amortisation of acquired intangible assets and acquisition costs (2) excluding Ricardo-AEA for the period up to 8 November 2013. Ricardo-AEA was acquired in the prior year on 8 November 2012 © Ricardo plc 2014 2 Key indicators Half year ended Year ended 31 December 30 June 2013 2012 2013 Restated (1) Restated (1) Order intake £135m £106m £218m Order book £143m £136m £121m Gross profit % 39.0% 39.8% 41.5% Operating profit % (2) 8.8% 7.8% 10.4% Tax rate 18% 17% 19% EPS (basic) (2) 14.6p 11.4p 35.4p Dividend 4.3p 4.0p 14.0p Net funds £8.2m £(2.7)m £6.1m Pension deficit (pre-tax) £21.5m £22.3m £19.7m Closing headcount (including subcontractors) 2,183 2,198 2,198 (1) on adoption of revised International Accounting Standard 19 Employee Benefits (2) excluding specific adjusting items, which comprise amortisation of acquired intangible assets and acquisition costs © Ricardo plc 2014 3 Income statement Half year ended H1 2013/14 v Year -
Harry Ricardo – a Passion for Efficiency
The Piston Engine Revolution Harry Ricardo – A Passion for Efficiency David Morrison Harry Ricardo, born in 1885, was a true pioneer of internal combustion engine research and development, designing and building his first practical engine from the age of 16. His early life, especially at Trinity College, Cambridge, coincided with some key embryonic developments in internal combustion engines, which had a strong influence on his research, especially the work of Bertram Hopkinson and Sir Dugald Clerk. He was passionate about energy efficiency in both his business and private life. This paper covers Harry Ricardo’s early work, experimenting with stratified charge concepts as early as 1903, leading to his work in the early decades of the twentieth century which generated internationally-renowned designs in both diesel and gasoline road vehicle combustion systems. Of these, perhaps the Comet indirect injection system for diesel engines was the most prolific and persisted in various forms well into the 1980s. A very important opportunity for the company was the early work with Shell to study the influence of fuel properties, using a Ricardo variable compression ratio engine. During his time, he had none of the powerful simulation and visualisation tools we take for granted today. He had to use his vivid imagination by trying to visualise what the airflow and fuel mixing must be like inside a combustion chamber. Significant engines up to 1950 included the Dolphin two-stroke, the Comet IDI diesel engine for the world’s first production diesel car – the Citroen Rosalie, the Rolls-Royce diesel conversion for the Flying Spray land speed record car and many developments of spark-ignition combustion systems, including the Turbulent Head. -
2021 Brings a Fresh Outlook for Industry
WINTER 2020 / 2021 2021 brings a fresh outlook for industry MANAGEMENT 75 YEARS OF SERVICE DIGGER AND TRAINING PROGRAMME STAFF HOLIDAY HELD DUMPER OPERATIONAL RETURNS TO CELEBRATE SAFETY P34 P19 P40 INT_Issue4_FC.indd 1 04/02/2021 10:43 #JoinTheRentalRevolution MCS RENTAL MANAGEMENT SOFTWARE C M Y WORKING CM MY CY CMY BETTER K TOGETHER PASSIONATE ABOUT YOUR SUCCESS WWW.MCSRENTALSOFTWARE.COM p02_IFWin20.indd 1 19/01/2021 11:09:07 A VIEW FROM ON HIGH www.hae.org.uk PAUL GAZE, CEO DESIGNATE UPDATES ON THE LATEST AT HAE EHA GREATER CONFIDENCE EMERGING WITHIN INDUSTRY elcome to 2021 and individuals and businesses. However, Covid-19 and may remain a feature what will hopefully the stark economic consequences of business, together with greater be a brighter year arising from the pandemic and the use of digital business. for us all. rounds of emergency support and Throughout this journey, HAE EHA WI am enthusiastic for the future restrictions will take much longer to will be with you in support of the of the hire and rental sector based recover from. sector we represent. Some new and on the hard work and strong will to Hire is well-placed to be at the exciting products and services are succeed that I see for myself across our forefront of this recovery, but the being developed and our team is industry. Added to this is a continuous pressures on costs and effi ciency totally focused on giving maximum pattern of innovation and product are here to stay. Alongside this assistance to you. development which results from close are new environmental standards, cooperation between hire businesses costs on property and people and suppliers – a relationship mirrored employed. -
Ricardo Plc Annual Report & Accounts 2018
Delivering Excellence Through Innovation & Technology Ricardo plc Annual Report & Accounts 2018 II Ricardo plc Annual Report & Accounts 2018 Group overview 1 Introduction Who we are 4 Order intake at a glance 5 Financial highlights Ricardo is a global engineering, technical, Strategic report 8 Chairman’s statement environmental and strategic consultancy 10 Chief Executive’s statement business. We also manufacture and assemble 13 Our strategy and strategic objectives low-volume, high-quality and high-performance 14 Market overview 16 Strategic performance products. Our ambition is to be the world’s 18 Technical Consulting pre-eminent organisation focused on the 24 Performance Products development and application of solutions to 26 Research and Development 28 Financial review meet the challenges within the markets of 32 Our people Transport & Security, Energy and Scarce Natural 34 Corporate responsibility and sustainability Resources & Waste. 40 Risk management and internal control 41 Principal risks and uncertainties Drawing on over 100 years of commitment to 43 Viability statement research and development, Ricardo’s team of Case studies over 3,000 engineers, consultants, scientists and 46 Creating sustainable airports 50 Software innovation for a resilient and secure support staff, delivers innovative and class-leading water supply products and services for the benefit of a broad 54 Towards zero-emissions freight in California 58 Safety, assurance and interoperability client base. 62 An advanced transmission for the ultimate super sports -
The Society of Motor Manufacturers and Traders
The Society of Motor Manufacturers and Traders InternationalInternational Automotive Automotive Summit Summit 2424 November November 2009 2009 Chief executive’s welcome I am delighted to welcome you here this afternoon to SMMT’s first International Automotive Summit. We meet at an extremely important time, having endured the most difficult economic conditions, and this event gives us the chance to look beyond the recession and recognise the opportunities that lie ahead. Across the political spectrum there is widespread recognition that the UK cannot thrive on financial services alone. Manufacturing, and particularly automotive manufacturing, has a vital role to play in a more balanced economy and will be one of the generators of jobs and prosperity in the years ahead. Government has recognised the strategic national importance of our sector and through its support for the New Automotive Innovation and Growth Team’s report, has committed to a long-term partnership with the motor industry. In terms of our future, we know the global demand for motor vehicles will return. The fast growing markets in Brazil, India and China will continue to embrace personal mobility at faster rates and the replacement cycle for vehicles in developed markets will return. But this future demand will be for cleaner, safer and more fuel-efficient vehicles that can be developed and manufactured anywhere in the world. The challenge for the UK motor industry, and the government, is how to ensure the UK retains and grows its share of the developing global market. The UK’s automotive strengths – efficiency, productivity, innovative R&D and a flexible workforce have already attracted a diverse presence of vehicle manufacturers from Europe, Japan, Malaysia, China, Kuwait, India and the US. -
Brexit and the City
Brexit and the City Saying No to the Princes of Europe: The City of London as a World Financial Centre following Brexit Or Passport to Pimlico: The City of London’s post-Brexit future depending on whether it is located inside or outside Pimlico or even possibly Latvia Professor David Blake* Cass Business School City University of London [email protected] March 2017 [v10] * I am most grateful to Kevin Dowd, Tim Congdon, Daniel Corrigan, Martin Howe QC, Laurence Jones, Edgar Miller and Patrick Minford for invaluable discussions and support during the preparation of this paper. Highlights On 23 June 2016, the British people voted to leave the EU. The prime minister’s Lancaster House speech on 17 January 2017 made it very clear that this meant also leaving the single market, the customs union and the European Economic Area, membership of which means accepting freedom of movement. This has powerful implications for the City: • It is unlikely that business with the EU27 will be conducted via passports in future. • Instead, and depending on the degree of co-operation from the EU27, the City should plan its future operations using either: o a dual regulatory regime, based on a third-party expanded equivalence model with guarantees about how equivalence will be granted and removed, or o the World Financial Centre model where the City ‘goes it alone’. • Transitional arrangements will also depend on the degree of co-operation from the EU27. It is in everybody’s interests that any transitional arrangements are kept as short term as possible, no longer than is needed to bridge the gap between the UK’s exit from the EU and the conclusion of any formal long-term trading agreement with the EU. -
North American International Propulsion Conference September 15-17, 2021
North American International Propulsion Conference September 15-17, 2021 sae.org/naipc THE PREMIER PROPULSION LEADERSHIP FORUM FOCUSED ON THE NORTH AMERICAN MARKET B:7.75" T:7.5" S:6.5" Ford test data based on typical industry methodology using 1-ft rollout. Your results may vary. 0 TO 60 MPH IN 3.5 SECONDS. S:8.25" T:9.25" B:9.5" FORD MUSTANG MACH-E GT PERFORMANCE EDITION DOC. NAME: FMCX0405000_Mustang_MachE_Acceleration_CMYK_7.5Wx9.25H_00.indd LAST MOD.: 7-30-2021 11:41 AM CLIENT: N/A ECD: Karl Lieberman BLEED: 9.5" H x 7.75" W DOC PATH: Macintosh HD:Users:charlie.silva:Desktop:FORD:MACH-E:FRDNPERK0337:FMCX0405000_Mustang_ MachE_Acceleration_CMYK_7.5Wx9.25H_00.indd CAMPAIGN: Mach E CD: Stuart J/Eric H TRIM: 9.25" H x 7.5" W FONTS: Ford Antenna (Bold; OpenType), Ford Antenna Cond (Regular; OpenType) BILLING #: FRDNPERK0337 CW: Eve McEnrue VIEWING: 9.25" H x 7.5" W COLORS: Cyan, Magenta, Yellow, Black MEDIA: Acceleration Magazine AD: Kelechi Mpamaugo SAFETY: 8.25" H x 6.5" W EXECUTION: 7.5 x 9.25 Mag AC: Tenaya Ende SCALE: 1" = 1" SD: Charlie Silva FINAL TRIM: 9.25" H x 7.5" W PD: Ashley Mehall PRINT SCALE: None IMAGES: FRDNSUVX0247_21_FRD_MCH_50680_GT_03_CMYK.tif (530 ppi; CMYK; Users:charlie.silva:Desktop:FORD:LINKS:FRDNSUVX0247_21_FRD_MCH_50680_GT_03_CMYK.tif; Up to Date; 75.39%) Ford_Mustang_MachE_Pony_ONLY_CyanWhite_CMYK_v2_wk.eps (Users:charlie.silva:Desktop:FORD:LOGOS:MACH-E:Ford_Mustang_MachE_Pony_ONLY_CyanWhite_CMYK_v2_wk.eps; Up to Date; 32.91%) TABLE OF CONTENTS 2 Welcome Letter 4 Event Overview 6 Executive Leadership Team -
Van Garage Tot Wereldwijde Kracht: Jcb Viert Zijn 75 Jarig Bestaan
VAN GARAGE TOT WERELDWIJDE KRACHT: JCB VIERT ZIJN 75 JARIG BESTAAN JCB werd op 23 oktober 1945 opgericht door wijlen Joseph Cyril Bamford in een kleine garagebox in het marktstadje Uttoxeter in Staffordshire, Engeland. Het was op dezelfde dag dat zijn zoon Anthony, nu Lord Bamford, werd geboren en de heer Bamford merkte op: “het krijgen van een zoon verscherpt de geest. Als je onderaan begint, kan je maar één kant op en dat is naar boven.” Aan de basis voor de groei die zou volgen, lag de vervaardiging van een agrarische kiepaanhangwagen, gemaakt van schroot uit de oorlogstijd, die vandaag de dag in de showroom van JCB's hoofdkantoor pronkt. Die aanhangwagen werd gemaakt in zijn garage en voor £45 verkocht op de markt. De oude aanhangwagen van de klant werd door Joe Bamford gerenoveerd en opnieuw verkocht voor nog eens £45, waarmee de oorspronkelijke vraagprijs van de trailer werd behaald. In 1947 breidde het bedrijf uit en omdat de huisbazin van de heer Bamford het werken op zondag afkeurde, verhuisde hij een paar kilometer verderop naar een stallencomplex in Crakemarsh Hall, dat eigendom was van mevrouw Julia Cavendish, een overlevende van de ramp met de Titanic. JCB nam toen ook zijn allereerste fulltime werknemer in dienst, Arthur Harrison, als voorman. In 1950 trok JCB er weer op uit. Deze keer naar de locatie van een voormalige kaasfabriek in Rocester. De locatie was een initiatief van Bill Hirst, die genoot van het feit dat zijn werkplek nu dichter bij huis was en hem zo de mogelijkheid gaf om "10 minuten extra in bed door te brengen". -
Congress Report 2006
Congress Report 2006 The 138th annual Trades Union Congress 11-14 September, Brighton 4 Contents Page General Council members 2006 – 2007……………………………… .............4 Section one - Congress decisions………………………………………….........7 Part 1 Resolutions carried.............................. ………………………………………………8 Part 2 Motion remitted………………………………………………… ............................28 Part 3 Motions lost…………………………………………………….. ..............................29 Part 4 Motion withdrawn…………………………………………………………………….29 Part 5 General Council statements…………………………………………………………30 Section two – Verbatim report of Congress proceedings .....................35 Day 1 Monday 11 September ......................................................................................36 Day 2 Tuesday 12 September……………………………………… .................................76 Day 3 Wednesday 13 September...............................................................................119 Day 4 Thursday 14 September ...................................................................................159 Section three - unions and their delegates ............................................183 Section four - details of past Congresses ...............................................195 Section five - General Council 1921 – 2006.............................................198 Index of speakers .........................................................................................203 General Council Members Mark Fysh UNISON 2006 – 2007 Allan Garley GMB Bob Abberley Janice Godrich UNISON Public and Commercial -
16506 Ricardo P.1-24
Ricardo Quarterly Review Delphi diesel technology. More responsive to the driver. More responsible to the planet. Delphi’s EUI and EUP products are sophisticated, electronically controlled high-pressure systems that can help everyone breathe a little easier. By managing the precise timing and fuel quantity required for each cylinder, these intelligent injection systems provide immediate responsiveness for drivers while lowering emissions and helping improve fuel economy — for all of us. Let’s work together to clear the air. Visit www.delphi.com. contents 6 Autumn 2002 8 14 16 NEWS FEATURES QUESTIONS & ANSWERS Industry update 4 Heavy duty engineering 8 Automobili Lamborghini: Fuel cell vehicles come a step closer; Emissions legislation in Europe and the US Giuseppe Greco 6 industry debates its future; truckmakers is pulling the truck industry in opposite Appointed president of Lamborghini shortly select their emission technology options; directions, forcing engineers to double-track after it was taken over by Audi in 1998, Renault’s template for tomorrow’s small car; engine development. Truck industry Giuseppe Greco tells Richard Feast about and Ricardo chief executive Rodney specialist Alan Bunting unravels the his ambitious plans to revitalise this Westhead has a welcome message regulatory maze, analyses its implications illustrious Italian marque and explains how Ricardo is pushing ahead News from Ricardo 20 of the game AB Volvo: Leif Johansson 14 Richard Parry-Jones speaks at London Now in charge of three of the world’s conference chaired by Ricardo; historic Time to market 16 leading truck brands, AB Volvo chief motorcycle runs again; Ricardo results Getting the right new model to market on executive Leif Johansson talks to Mats please the city; world’s press test i-MoGen time can mean the difference between Ekelund about the strategies he is as new website goes live; Ricardo hosts success and disaster, profit and loss. -
A Particular Speed Record
A Particular Speed Record Roy Lewis epitomizes what it means four-cylinder inline mid-range diesel with 5.9L engine. With the help of calm and for a Dieselmax “ice chest”, “Not unless I to have a great time monkeying around four valves per cylinder. The streamliner’s methodical diesel mechanic Dave Rau, hold it in my lap, but I think the tech guys with automotive stuff. He is the first per- main job was to prove the four-banger was they reworked the diesel into a race motor would have a something to say about that, son to set a land speed record in excess of a tough little solider. Mission accom- by modifying the intake manifold and and if they missed it, the starter would 300MPH using a diesel engine; the same plished, but I’ll bet the car returns, sniffing injection pump, installing a new camshaft catch me I’m sure,” he joked, “I didn’t kind found in Dodge pickups. about for 400 MPH next year. and fabricating trick headers. The block, think we were on their radar, but when the Lewis, 67, laid claim to the C/DS Lewis wanted to earn the simple crank, rods and pistons are stock. Brits came over and talked to me, I was class record with a 306.86MPH average on pleasure of being the first in excess of Cummins does not sponsor Lewis in surprised at how much they knew about Wednesday, August 16th, during the 2006 300MPH, while Bamford was banking on any fashion, the name is on the car because my car.” SCTA Speedweek. -
Jcb Power Systems
EFFICIENT BY DESIGN POWER SYSTEMS WELCOME TO JCB POWER SYSTEMS GLOBAL MANUFACTURING PARTNER INVESTING IN THE RECOGNISING THE NEED BEST FACILITIES FOR ENGINE SOLUTIONS JCB Power Systems has invested in the best manufacturing facilities on two continents to FOR ALL MARKETS. ensure a secure and efficient supply of Off-Highway Diesel Engines that are produced at the right cost and with the most efficient technology approach JCB has a long and successful history of machine for all markets. The UK factory is a purpose-built, production in India, dating back to 1979 when multi-million pound, manufacturing plant and it was one of the first manufacturers to spot the assembly line situated in Foston, Derbyshire. opportunity of this emerging market. Now, with four world-class factories producing a vast range of A state-of-the art Research and Development equipment, JCB has become the country’s largest Centre, which features over 20 ultra-efficient manufacturer of construction machinery and India test cells, keeps the company at the forefront of has become one of the largest single markets for Off-Highway Diesel Engine innovation. Capable JCB equipment worldwide. of testing engines up to 300kW (402hp) each cell features the latest measurement and test In 2011 with the growth of JCB’s machine equipment systems. business in India and other emerging economies around the world, JCB Power Systems took the Continued investment has recently allowed the step to become an engine manufacturer with a company to manufacture its own cylinder heads, global footprint and installed a dedicated engine engine blocks and bedplates for the first time manufacturing and assembly line – identical to the ensuring that the most reliable, productive and UK factory – at JCB’s Indian HQ in Ballabgarth.