Financial Highlights

 

2019

52 weeks

2018

53 weeks

Change

(Reported)

Change

52 weeks

(Like-for-like†)

Revenue £1,437.1m £1,464.5m -1.9% -0.2%
Adjusted Group Operating Profit £92.3m £92.8m -0.5% +1.8%
Adjusted Group Operating Margin 6.4% 6.3% +9bps +12bps
Adjusted Profit before tax £92.0m £92.4m -0.4% +2.0%
Adjusted earnings per share 144.3p 145.0p -0.5% +1.9%

 

  • Statutory profit before tax at £86.5m (2018: £88.0m)
  • Statutory earnings per share of 135.5p (2018: 137.8p)

 

  • Return on captial employed‡ of 18.4% (2018: 20.3%)
  • Full year dividend increased by 4.1% to 55.9p (2018: 53.7p)
  • Net funds of £6.3m (2018: £20.6m)

 

*Adjusted and like-for-like references throughout this statement refer to non-IFRS measures or Alternative Performance Measures (‘APMs’).  Definitions and reconciliations of the APMs to IFRS measures are provided in Note 31 to the annual report and accounts

†2018 was a 53 week accounting period.  For comparative purposes, like-for-like references exclude the 53rd week in the prior year

‡Return on capital employed is defined as adjusted operating profit divided by the sum of average opening and closing net assets, net (debt)/funds, pension liabilities and deferred tax

 

*2018 included 53 weeks of trading. In the bar charts above all measures compare 52 weeks in 2019 to 53 weeks in 2018 apart from like-for-like revenue and like-for-like Far East export volumes which exclude the 53rd week in the prior year.

†Adjusted and like-for-like references throughout this statement refer to non-IFRS measures or Alternative Performance Measures (‘APMs’).  Definitions and reconciliations of the APMs to IFRS measures are provided in Note 31 to the annual report and accounts.