Финансовые показатели

2018 Full Year Results

 

2018

2017

% change

OCC** % change

Order intake*** £681.7m £666.5m +2.3% +5.4%
Revenue £695.7m £642.2m +8.3% +11.3%
Adjusted* operating profit £146.0m £130.2m +12.2% +14.8%
Adjusted* operating margin 21.0% 20.3% +70bps +60bps
Profit before tax £120.7m £80.6m +49.8% +53.8%
Adjusted* profit before tax £143.8m £124.8m +15.3% +17.9%
Basic earnings per share 10.5p 6.4p +64.1% +69.5%
Adjusted* basic earnings per share 12.6p 10.6p +18.9% +21.7%
Full year dividend 5.90p 5.40p +9.3% -


Note:
* Adjusted figures exclude the amortisation of acquired intangible assets and other adjustments, comprising restructuring costs and a credit arising from the closure of the UK defined benefit pension scheme to future accrual (see note **).
** OCC is organic constant currency results excluding acquisitions and restated at 2018 exchange rates.
*** Order intake represents the value of orders received during the period.

Summary

  • Strong OCC revenue growth, up 11.3%
  • Adjusted operating margin improved to 21.0%
  • ROCE increased 430bps to 29.2%
  • Cash conversion of 110.7%
  • Net cash of £43.6m at year end
  • Growth Acceleration Programme proceeding at pace in H2:
    • 160bps improvement in working capital to sales
    • Revenue per head up 7.5%; adjusted operating profits per head up 11.3%
    • Supply chain improvements yielding benefits
    • Centralised new product development structure