Financial Summary
Performance in line with trading update issued on 31 March 2015, with second half improvement delivered.
Revenue increased 1% at constant currency, with underlying growth from UK Municipal.
EBITDA down 10% at constant currency to £73.0m.
Underlying profit before tax down by 22% to £21.7m at constant currency.
Underlying EPS down 7% at constant currency due to lower effective tax rate.
Total Group exceptional and non-trading charges of £42.2m as previously disclosed.
Ongoing focus on capital discipline delivered strong cash performance, with lower than expected core net debt at £155m and net debt to EBITDA ratio of 2.3x.
Final dividend maintained at 2.35p per share, reflecting confidence in medium term growth.
