Share Price
16 Mar 2010
Delayed by 15 minutes

57.35p +0.35p

5 Year Record

 

 

2005

2006

2007

2008

2009

Continuing operations:
Consolidated income statement
Revenue

£m

878.9

862.0

888.5

931.9

975.2

Profit from operations*††
Operating margin*††

£m
%

69.6
7.9

55.4
6.4

45.7
5.1

48.4
5.2

52.7
5.4

Net finance (expense)/income*††

£m

(26.8)

(22.4)

(5.7)

1.7

(5.2)

Profit before taxation*

£m

42.8

33.0

40.0

50.1

47.5

Profit after taxation*†

£m

34.7

27.7

31.9

38.4

28.4

Earnings per share
Adjusted earnings per share

pence

7.08

5.68

6.52

7.88

7.76

Return on operating assets Average net operating assets
Return on net assets

£m
%

 

407.3
13.6

375.6
12.2

353.1
13.7

357.4
14.7

Return on invested capital††‡
Profit from operations*

£m

 

 

45.7

48.4

52.7

Average invested capital

£m

 

 

448.2

442.0

450.4

Return on continuing average invested capital

%

 

 

10.2

11.0

11.7
 

Discontinued operations:
Consolidated income statement
Revenue

£m

569.9

576.2

317.4

-

-

Profit from operations*

£m

19.4

12.1

1.3

-

-
 

Continuing and discontinued operations (as reported):
Earnings per share

 

 

 

 

 

 

Adjusted earnings per share

pence

10.27

7.77

6.72

7.88

7.76

Earnings per share

pence

4.66

(1.03)

(4.60)

7.08

0.54

Dividend per share
Dividend cover*
EBITDA: Debt*

pence
times
times

9.05
1.1
2.0

4.25
1.8
2.5

4.25
1.6
1.8

4.50
1.8
2.0

4.50
1.7
2.1

Capital expenditure

£m

62.2

55.3

28.1

19.3

30.4

Invested capital
Net equity
(Less surplus)/add back deficit on retirement benefit schemes
(Less deferred tax asset)/add back deferred tax liability on retirement benefit schemes


£m
£m
£m


155.6
171.2
(50.4)


152.1
90.2
(26.4)


121.2
8.6
(6.5)


165.4
(61.6)
15.8


54.1
71.5
(19.7)

Adjusted net equity
Net debt

£m
£m

276.4
326.3

215.9
363.1

123.3
174.2

119.6
200.2

105.9
206.7

Trading capital employed
Accumulated goodwill written off

£m
£m

602.7
211.0

579.0
211.0

297.5
116.6

319.8
116.6

312.6
116.6

Total invested capital

£m

813.7

790.0

414.1

436.4

429.2

Total invested capital excluding net debt

£m

487.4

426.9

239.9

236.2

222.5

Return on invested capital
Profit from operations*††

£m

89.0

67.5

47.0

48.4

52.7

Average invested capital

£m

840.1

801.9

602.1

425.3

432.8

Return on average invested capital

%

10.6

8.4

7.8

11.4

12.2


* Stated before restructuring items.

† The effective taxation rate for continuing operations for each period has been assumed to be the same as that for the Group.

‡ Continuing return on invested capital is calculated using continuing profit from operations divided by continuing average invested capital. Continuing average invested capital has been calculated using a 13 month average (used for Performance share plan). This includes the benefit of asset impairments.

†† Restated for the change in presentation of the pensions finance (charge)/credit from within profit from operations to net finance costs.