Headlines
Full year orders up 13% to £4.6 billion, driven by Outsourcing orders up 23% to
£2.2 billion
Full year revenue up 3% to £3.9 billion; adjusted operating profit down
significantly on last year at £114 million including the impact of the £132
million of restructuring and contract charges announced on 14 December 2011.
Underlying revenue was up 4% to £3.9 billion. Underlying performance was:
Outsourcing revenue up 9%, with second half revenue up 7%
Consulting and Professional Services revenue flat, with second half revenue
down 1%
Revenue in the commercial sectors was up 7%, offset by a 3% decline in Public
Sector
Fourth quarter weakness seen particularly in the Benelux and Sweden
Underlying adjusted operating profit at £247 million was in line with December
guidance
Full year cash conversion of 92% resulted in operating cash inflow of £226
million
Net debt/EBITDA at 0.9x, with net debt at £295 million at year end (2010: £280
million)
Full year dividend recommended to be 4.4p, up 5% over 2010
Logica Final Results
