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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.

Downloads File size Type
Preliminary Results 2012 1.15 MB PDF

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