Financial Highlights
• Revenue growth of 5% to £619.4m
• Group organic revenue growth of 1%, or 4% excluding UK Employee Benefits
• Reported profit before tax (PBT) down 46% to £55.2m, reflecting US investment* and exceptional costs
• Underlying PBT £89.2m, down 7%
- Underlying PBT, excluding US investment*, £106.4m down 2%
• Positive impact of foreign exchange movements
• Underlying profit margin down 140bp to 15.9%
- Underlying profit margin, excluding US investment*, 19.2%, 330 bp higher
• Reported diluted EPS of 15.1p
• Interim cash dividend of 11.6p, up 4.5%
