Financial Highlights for 26 weeks
ended 01 July 2011
- Original equipment input up 67%, aftermarket input up 25%
- Strong growth across the minerals and upstream oil and gas
markets
- Record upstream Oil & Gas input of US$531m and revenues of
US$422m
- Pre-tax profits up 24% to £178m after one-off costs of £7m
- 20% increase in dividend to 7.2p
- US$75m investment plan to further expand upstream oil and gas
capacity
- Sale of Cathcart, Glasgow site with net proceeds of £25m in the
second half
| Continuing operations |
2011 |
2010 |
Change |
| Order input1 |
£1,225m |
£859m |
+43% |
| Revenue |
£1,031m |
£775m |
+33% |
| Operating profit2 |
£186m |
£151m |
+23% |
| Operating margin2 |
18.1% |
19.5% |
-1.4pts |
| Profit before tax2 |
£178m |
£144m |
+24% |
| Cash from operations |
£129m |
£121m |
+7% |
| Earnings per share2 |
60.2p |
48.5p |
+24% |
| Dividend per share |
7.2p |
6.0p |
+20% |
| Return on Capital Employed3 |
33.2% |
29.6% |
+3.6pts |
| Net debt |
£289m |
£284m4 |
|
1: 2010 restated at 2011 average exchange
rates
2: Adjusted to exclude intangibles amortisation. Reported
operating profit, profit before tax and earnings per share were
£175.4m (2010: £142.6m); £167.6m (2010: £135.6m) and 56.6p (2010:
45.7p) respectively.
3: Calculated as EBIT for the last twelve months divided by average
net assets excluding pension deficit
4: 31 December 2010 net debt
Company Background:
Primary Country Listing: UK
Status: FULL
Index: FTSE 100, 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
