Financial highlights
In very challenging markets, revenue on a like-for-like basis decreased by 0.8% compared to 2014.
The full year book-to-bill ratio was 0.99 times, with the outstanding order book at the end of 2015 c.5% below that at the end of 2014.
EBITA margin for the full-year was 12.0% (2014: 12.8%).
Cash flow from operations was strong at £135.6 million (2014: £120.0 million).
Net debt at the year end was £216.0 million (2014: £207.0 million). Net debt to EBITDA ratio at the year end was 1.6 times (2014: 1.4 times).
The Group has booked a £22.1 million charge before tax in the income statement (2014: £51.9 million) in respect of a number of specific adjusting items, £21.6 million relates to non-cash items. Details of are provided in the Financial Review below. Due to the nature of these items they are excluded from the underlying operating profit figures.
Proposed final dividend of 7.0 pence per share (2014: final 7.0 pence per share), which would result in a full-year dividend of 11.0 pence (2014: 10.9 pence), a 0.9% increase.
