BAE Systems Plc have declared an interim dividend of 10.4p per share in respect of the half year ended 30 June 2022. This dividend will be payable on 30 November 2022. BAE Systems Plc have also approved a new share buyback programme of up to £1.5bn over the next three years, which will commence immediately.
Other Financial Highlights:
Financial performance measures as defined by the Group
- Sales increased by 2.8% on a constant currency basis to £10.6bn.
- Underlying EBIT of £1,112m increased by 4.4% on a constant currency basis.
- Underlying earnings per share increased by 11.9% to 24.5p, excluding the impact in 2021 of the one-off tax benefit. The Group's underlying effective tax rate for the first half of the year was 19%.
- Free cash inflow of £123m (2021 £461m inflow, including £250m receipt in respect of the Filton and Broughton site disposals).
- Net debt (excluding lease liabilities) at £3,135m (£2,160m at 31 December 2021).
- Order backlog of £52.7bn (£44.0bn at 31 December 2021).
Financial performance measures derived from IFRS
- Revenue increased by 4.3% to £9.7bn.
- Operating profit decreased by 21.1% to £1,028m.
- Basic earnings per share decreased to 19.6p (2021 31.3p).
- Net cash inflow from operating activities of £493m (2021 £623m inflow).
- Order book of £42.5bn (£35.5bn at 31 December 2021).
