The Convatec Board recommends a final dividend of 4.594 cents, resulting in a full year dividend of 6.416 cents, an increase of 3%.
Other Financial Highlights
- Adjusted operating profit up 12% to $485m. Reported operating profit of $325m
- Adjusted EPS increased 14% to 15.2 cents. Reported EPS increased 46% to 9.3 cents
- Free cash flow to equity up 32% to $302. Equity cash conversion of 97%
- Net debt to adjusted EBITDA ratio of 1.8x. This was after investing $122m in capex, c.$23m in transformation and $90m in M&A
