Group Highlights
Sales increased 2% organically
o Good growth in Automotive; GKN Aerospace up; GKN Land Systems down in tough markets
Trading margin unchanged at 9.2%, excluding Fokker Technologies ("Fokker")
Profit before tax (management basis) of £603 million (2014: £601 million)
Reported profit before tax £245 million (2014: £221 million), (higher primarily due to the movement on the mark to market valuation of forward foreign exchange contracts)
Management earnings per share slightly lower, as a result of the costs of the Fokker acquisition and an increased tax rate to 24% (2014: 22%)
Total dividend increased 4% to 8.7 pence per share
Free cash flow of £370 million (2014: £234 million), with the benefit of customer advances
Net debt of £769 million, £145 million higher than last year due to Fokker acquisition
Acquisition of Fokker completed 28 October 2015, integration proceeding well
