A statement issued by Raymarine last month says following a successful flotation at 152p per share, the company's turnover is up 14% (20% in constant currency) at £106.3m, with the gross profit margin increased to 29.9% from 25.7% Additionally, the operating profit after foreign exchange and before goodwill and exceptional items, is up 63% at £17.5m and the adjusted EPS is at 14.0p, ahead of flotation forecast of 13.2p. The net debt at year end was £44.3m and the company has new borrowing facilities of $135m committed for 5 years.