Financial Highlights
for the six months ended 31 March 2008
- Revenues increased by 9%* to £640.4m (H1 2007: £588.7m*)
- EBITA† margin maintained at 24%* (H1 2007: 24%*)
- Adjusted pre-tax profit^ rose by 9% to £138.0m (H1 2007: £126.3m)
- Adjusted earnings per share^ increased by 9% to 7.30p (H1 2007: 6.72p)
- Operating cash flow of £187.4m, representing 123% of EBITA (H1 2007: 114%)
- Rebased interim dividend increased to 2.43p per share (H1 2007: 1.27p per share)
*Foreign currency results for the prior half-year ended 31 March 2007 have been retranslated based on the average exchange rates for the half-year ended 31 March 2008 of $2.01 and €1.35 to sterling to facilitate the comparison of results.
†Earnings before interest, tax and amortisation of intangible fixed assets.
^Pre-tax profit (PBT) and earnings per share (EPS) figures stated prior to amortisation of intangible fixed assets and after neutralisation of foreign exchange movements. A table reconciling adjusted PBT to statutory PBT of £122.6m is shown in Note 2 on page 10 of the press release.
for the 12 months ended 30 September 2007
- Revenues increased by 30%* to £1,157.6m (2006: £892.4m*)
- EBITA† increased by 20%* to £283.2m (2006: £235.9m*)
- Adjusted pre-tax profit^ rose by 14% to £251.3m (2006: £221.3m)
- Adjusted earnings per share^ increased by 13% to 13.34p (2006: 11.83p)
- Operating cash flow of £317.1m (2006: £267.1m) representing 112% of EBITA (2006: 107%)
- Dividend rebased resulting in a 95% increase in the proposed total dividend to 7.00p (2006: 3.59p)
^Pre-tax profit and earnings per share figures stated prior to amortisation of intangible fixed assets, prior year gain on disposal of £2.7m and neutralisation of foreign exchange movements. A table reconciling adjusted pre-tax profit to statutory profit before taxation is shown in Note 3 on page 14 of the press release.
*Foreign currency results for the year ended 30 September 2006 have been retranslated based on the average exchange rates for the year ended 30 September 2007 of $1.98 and €1.48 to sterling to facilitate the comparison of results.
†Earnings before interest, tax, amortisation of intangible fixed assets (EBITA) and prior year gain on disposal in North America of £2.7m.
