Financial Highlights for 53 weeks
ended 01 January 2010
- Resilient aftermarket contributed 54% of revenues;
- Record operating profit benefiting from positive currency
effect;
- Margin benefiting from stronger aftermarket and cost
management;
- Exceptional free cash flow generation;
- Net debt halved in the year;
- Stabilisation of Minerals order input;
- Stronger current trading driving a more positive outlook for
Weir SPM;
- Power & Industrial to benefit from record nuclear order
book;
- 2010 expectations upgraded.
| Continuing operations |
2009 |
2008 |
Change |
| Order input1 |
£1,302m |
£1,595m |
-18% |
| Revenue |
£1,390m |
£1,354m |
+3% |
| Operating profit2 |
£205m |
£185m |
+11% |
| Operating margin2 |
14.7% |
13.7% |
+1.0% |
| Profit before tax2 |
£187m |
£176m |
+6% |
| Cash from operations2 |
£302m |
£214m |
+41% |
| Earnings per share2 |
64.1p |
59.3p |
+8% |
| Dividend per share |
21.0p |
18.5p |
+14% |
| Net debt |
£119m |
£240m |
|
1 2008 restated at 2009 average exchange
rates.
2 Adjusted to exclude intangibles amortisation. Reported operating
profit, profit before tax and earnings per share were £188m (2008:
£168m); £170m (2008: £160m) and 58.8p (2008: 53.8p)
respectively.
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
