Revenue up 5%£924.8m Dividend per share maintained
|
Headline profit before tax up 12%£96.4m Free cash flow up 66%
|
Headline earnings per share up 13%14.8p Headline return on capital employed up 3% points24.0% |
Definitions of terms:
In order to reflect underlying business performance, comparisons of
revenue between periods have been adjusted for exchange rates and the
number of trading days. Changes in profit, cash flow, debt and share
related measures such as earnings per share are at reported exchange
rates.
Enterprise Business System (EBS): in order to make clear the
costs of the EBS project and the underlying performance of the business,
EBS costs have been disclosed separately. Therefore, unless explicitly
stated, measures based on operating costs, contribution
and process costs exclude EBS.
Headline profit: a charge of £1.0m (2007: profit
of £0.8m) was incurred in the year for items excluded from headline
profit. Details of the items are given below the
Income Statement. Key performance measures such as return on sales,
EBITDA and ROCE use headline profit figures.