|
Dividend per share - final |
31.1p |
29.5p |
+5.4% |
|
|
|
||||
|
- total |
44.3p |
42.2p |
+5.0% |
|
|
|
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· Excluding the effect of the early termination of the Oman Airport IT contract, 2014 results are broadly in line with the prior year
· Underlying order intake is up by 21% to £760.0m
· Underlying earnings performance is in line with expectations
· Underlying operating margin of 16.5% slightly higher than normal range
· Cash conversion up at 70%
· Investment to support future growth maintained
- over 5% of revenue reinvested by Ultra in new products and business development
- acquisition spend of £107.5m on four specialist businesses
· Strong balance sheet provides firepower to fund further acquisitions
· Refinancing preserves investment capacity at advantageous rates
