Financial highlights
2011 financial highlights
- Revenue on an organic basis up 5%
- Underlying operating profit* of $198.9m up 16%.
- Underlying profit before tax up 15% to $170.2m
- Adjusted earnings per share** of 29.0c up 6%
- Group return on invested capital*** increased by 110bps to 10.6%
- Free cash flow**** of $185.8m, up 4% with strong cash conversion of 102%
- Net debt to EBITDA reduced to 1.5x (2010: 2.1x)
- Dividend for the year increased by 6.5% to 13.94c
* Underlying operating profit being total operating profit (including associates) before exceptional items.
** Basic earnings per share
*** Underlying operating profit return on average invested capital including goodwill and intangibles amortised or written off to reserves.
**** Cash generated by operations, plus dividends from associates, less tax, net interest and net capital expenditure (excluding Legacy Support licence acquisitions).
