Strong H1 trading performance: adjusted EBITA up 57.0% to $96.7m and free cash flow of $92.0m. Interim dividend increased 27.1% and full year profit guidance increased.
Financial highlights
Revenues up 31.0% to $1,318.4m (H1 2012: $1,006.5m).
Adjusted EBITA up 57.0% to $96.7m (H1 2012: $61.6m).
Operating margin 7.3% (H1 2012: 6.1%).
Basic Earnings Per Share ("EPS") up 221.6% to 16.4c (H1 2012: 5.1c) with adjusted basic EPS up 72.7% to 22.1c (H1 2012: 12.8c).
Interim dividend 1.83c per share, a 27.1% increase on H1 2012 (H1 2012: 1.44c).
Free cash flow $92.0m (H1 2012: $94.6m).
Closing net debt $68.2m (31 December 2012: $163.3m), a $95.1m (58.2%) reduction (H1 2012: reduction of $78.4m from 31 December 2011).
