Highlights
Revenue growth of 10 per cent
Headline total operating profit growth of 12 per cent
Headline earnings per share growth of 15 per cent
Full-year dividend: Recommended increase of 6 per cent to 24.3p
Key contract wins with both new and existing clients including London Underground, B&Q, Superdrug, BS Stanford, BP Khazzan (Oman), Shell GTL (Qatar) and the Dubai Aviation City Corporation (UAE)
Future workload of £7.7 billion
Commenced strategic review of our Equipment Services business (RMD Kwikform)
DIVIDEND
The directors recommend a final dividend for the year of 16.4 pence, to bring the total for the year to 24.3 pence, an increase of 6 per cent over last year. This dividend is covered 2.8 times by Headline earnings per share.
Chief Executive Adrian Ringrose commented:
"Over the last five years we have made substantial strategic progress creating a broader, stronger business. Our performance in 2015 was good, resulting in 12 per cent operating profit growth in markets that continue to offer both opportunities and challenges. In light of the changing shape of our portfolio over the last few years, we have started a strategic review of our Equipment Services business (RMD Kwikform).
Overall, we expect 2016 to be broadly steady compared to 2015 as underlying growth is restrained by the impact of a slower order intake following an election year and the impact of the National Living Wage. However, we expect to return to growth in 2017, underpinned by our strong positions in attractive markets."
