Group financial performance
|
• |
Revenue was up one per cent, with growth in GLS offsetting the decline in UKPIL revenue. |
|
• |
Adjusted operating profit before transformation costs was £742 million, up five per cent. |
|
• |
Adjusted operating profit margin after transformation costs declined by 10 basis points as a result of increased transformation costs due to our cost avoidance and efficiency programme. |
|
• |
In-year trading cash flow of £254 million reflects increased investment in growth capital expenditure. |
|
• |
Our strategic focus on costs resulted in a one per cent reduction in underlying UKPIL operating costs before transformation costs. |
|
• |
Net debt reduced to £224 million due to free cash flow, offset by dividend payments. |
|
• |
The Board is recommending a final dividend of 15.1 pence per ordinary share giving a total dividend of 22.1 pence per share for 2015-16, up five per cent. |
