Group financial highlights
|
(£m) |
Half year ended 27 September 2015 |
Half year ended 28 September 20141 |
Underlying change2 |
|
Revenue |
4,395 |
4,478 |
Flat |
|
Adjusted3 operating costs before transformation costs |
(4,053) |
(4,130) |
|
|
Adjusted3 operating profit before transformation costs |
342 |
348 |
|
|
Margin |
7.8% |
7.8% |
Flat |
|
Transformation costs |
(94) |
(47) |
|
|
Adjusted3 operating profit after transformation costs |
248 |
301 |
|
|
Margin |
5.6% |
6.7% |
(110 bps) |
|
Profit before taxation |
|||
|
- Adjusted3 |
240 |
287 |
|
|
- Reported4 |
116 |
167 |
|
|
Earnings per share |
|||
|
- Adjusted3 |
18.1p |
21.7p |
|
|
- Reported4 (continuing operations) |
8.8p |
12.5p |
|
|
- Reported4 (total Group) |
11.4p |
12.5p |
|
|
Free cash flow |
49 |
117 |
(68) |
|
Net debt |
369 |
||
|
Interim dividend per share |
7.0p |
6.7p |
