Group Performance
|
£m unless otherwise stated |
2015 post-exceptional items |
2015[1] pre-exceptional items |
2014 |
Reported pre- exceptional items |
Underlying[2] pre- exceptional items |
|
|
|
|
|
|
|
|
Group revenue |
1,561 |
1,561 |
1,577 |
(1)% |
(3)% |
|
Group revenue excl. pass through fuel |
1,501 |
1,501 |
1,529 |
(2)% |
(3)% |
|
Trading profit |
244 |
270 |
306 |
(12)% |
(14)% |
|
Trading margin |
16% |
17% |
19% |
|
|
|
Profit before tax |
226 |
252 |
289 |
(13)% |
|
|
Diluted earnings per share (p) |
63.45 |
71.68 |
82.49 |
(13)% |
|
|
Dividend per share (p) |
27.12 |
27.12 |
27.12 |
-% |
|
|
Return on capital employed |
15% |
16% |
19% |
|
|
Group summary
Full year profit before tax of £252m in line with expectations set out at the half year
o impacted by low oil price, Bangladesh contract extension and slower payments in two of our markets
Group revenue of £1.6bn, slightly down on the prior year
o sector and geographic diversity largely offsets impact of low commodity prices and lower emerging market growth
Strong balance sheet from continued high cashflow generation and capital discipline whilst continuing to invest in fleet / technology
o net debt to EBITDAmaintained at 0.9 times
Full year dividend maintained reflecting our continued confidence in the strength and prospects for the Group
Good progress on our three business priorities of the customer, technology and efficiency
o initiatives underway covering account management, sales expertise and market & sector specific strategies
o more fuel efficient gas product will be in the fleet in H2 2016
o on target to deliver £80m cash savings by 2017 from reorganisation and procurement
New, focused organisational structure and management team in place and working well
