Highlights

  • Another year of good growth. Sales up 7% to £4.0bn and underlying growth in profit of 12.5% to £782m and in EPS of 15% to 420p.
  • Strong net cash generation of £574m before dividends and share buybacks.
  • Final ordinary dividend of 100p, making 150p for the year, up 16%. Remains covered 2.8 times.
  • £572m returned to shareholders through a combination of ordinary dividends £211m, special dividends £223m and share buybacks £138m.
  • Strategy remains focused on products, profitability and returning cash to shareholders through dividends and share buybacks.

Total Sales*

Underlying continuing business +7.2%

Total Sales

* Total Sales excludes VAT and includes the full value of commission based sales

Profit before tax

Underlying continuing business +12.5%

Profit before tax

Earnings per share

Underlying +14.7%

Earnings per share

Dividends per share

Excluding special dividends +16.3%

Dividends per share

* Total Sales excludes VAT and includes the full value of commission based sales (see Notes to the Consolidated Financial Statements)

Highlights