HY 2015 highlights:
Revenue up 27% at constant FX to £550m.
Like-for-like ("LFL") revenue +2%, +6% excluding Pipe Protection Technologies ("PPT").
Adjusted operating profit2 up 18% (constant FX) to £82m.
LFL margin +20bps, +90bps ex-PPT.
Adjusted EPS ahead 10% (constant FX) to 22.7p.
Tax rate on adjusted profit reduced by 240bps to 23.0%.
Net debt of £360m (FY 2014: £62m), with strong cash flow generation offset by the acquisition of Clondalkin Specialist Packaging Division ("SPD") and higher dividends.
11% increase in the half year dividend to 6.3p per share.
50% increase in targeted Clondalkin SPD acquisition integration synergies, to at least US$24m on an annualised basis from 2016.
