From 1 January 2023, the Group has been re-organised into three operating segments representing the key markets within which the Group operates, as reviewed by the Board: Energy, Defence, and Maritime Transport. The Energy Division combines the old Marine Support and Offshore Oil Divisions, minus Fendercare (which includes Martek), which is added to the Tankships Division to create Maritime Transport. Specialist Technical (the JFD business) is the only component of the Defence Division. Energy and Defence are differentiated by markets and industries which they serve. The Maritime Transport Division is differentiated by the services which they provide. Further information can be found in the Group’s Annual Report.

 

 

June 2023

£m

2022

£m

2021

£m

Restated* 2020

£m

Restated* 2019

£m

Revenue          
Energy1 134.0 242.6 222.9 222.9 272.2
Defence 37.0 68.2 81.5 83.2 106.3
Maritime Transport 81.0 167.3 138.0 164.9 192.2
Total Revenue (continuing operations) 252.0 478.1 442.4 471.0 570.7
Underlying Operating Profit          
Energy2 7.5 13.9 7.7 (1.8) 15.0
Defence 0.6 (0.3) 9.7 13.2 18.2
Maritime Transport 10.0 18.7 13.5 31.4 36.9
Corporate costs (4.1) (5.9) (2.8) (2.8) (2.8)
Total Underlying Operating Profit (Continuing operations) 14.0 26.4 28.1 40.0 67.3

 


*2019 and 2020 results are restated to exclude the nuclear business which was subsequently reported as a discontinued operation.

1Sales relating to divestments (Mimic, Prolec, Strainstall, Testing Services, NDT):
2019: £25.4m
2020: £18.9m
2021: £16.1m
2022: £14.1m

2Operating Profit/(loss) relating to divestments (Mimic, Prolec, Strainstall, Testing Services, NDT):
2019: £0.2m
2020: (£1.0m)
2021: £1.1m
2022: £2.3m

ScottishPower Renewables (SPR) contracted JFMS to deliver an integrated marine services package during the construction of its East Anglia ONE (EA1) windfarm.
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