Highlights
2012
- Record pre-tax profits up 12% to £443m;
- Record Group operating margin, supported by strong performance by Minerals;
- Strengthening aftermarket input: 57% of total orders (2011: 52%);
- Resilient Oil & Gas performance, supported by positive contributions from acquisitions;
- Strategic progress: higher R & D investment; expanded product portfolio and service presence;
- Full year dividend increased by 15% to 38.0p with further double digit increase planned in 2013.
| Continuing operations |
2012 |
2011 |
Change |
| Order input1 |
£2,397m |
£2,442m
|
-2% |
| Revenue |
£2,538m |
£2,292m
|
+11% |
| Operating profit2 |
£486m |
£413m
|
+18% |
| Profit before tax2 |
£443m |
£396m
|
+12% |
| Earnings per share2 |
150.1p |
133.6p
|
+12% |
| Dividend per share |
38.0p |
33.0p
|
+15% |
| Net debt |
£689m |
£673m
|
|
1 2011 restated at 2012 average exchange rates
2 Adjusted to exclude exceptional items and intangibles amortisation. Reported operating profit, profit before tax and earnings per share were £469m (2011: £408m); £424m (2011: £391m) and 147.1p (2011: 131.8p) respectively, 2011 restated for fair value acquisition accounting.
Company Background:
Primary Country Listing: UK
Status: FULL
Index: FTSE 250; FTSE 350; FTSE ALL-SHARE; FTSE 250 EX INVESTMENT TRUSTS; FTSE 350 EX INVESTMENT TRUSTS; FTSE 350 LOW YIELD; FTSE ALL-SHARE EX INVESTMENT TRUSTS;
Sector: Industrial Engineering