10th March 1999
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998
- Sales on continuing operations up 13% to £1,156.2m (1997: £1,022.7m).Sales excluding currency up 15%
- Operating margins on continuing operations increased to 14.6% (1997: 13.7%)
- Profit before tax, goodwill amortisation and exceptionals up 7% to £165.1m (1997: £154.3m). Profit before tax, goodwill amortisation and exceptionals excluding currency up 8%
- Basic earnings per share before goodwill amortisation, exceptionals and FIDs up 10% to 26.1p (1997: 23.7p)
- Dividends per share up 10% to 8.8p (1997: 8.0p)
Commenting on the results, Roberto Quarta, Group Chief Executive, said:
"These results show BBA's strong performance across the board. We have strengthened the business further with a series of significant strategic acquisitions and we continue to invest in product and process technologies that differentiate us from our competitors.
"These investments, together with our enhanced quality of earnings, make us resilient and well-positioned for continued growth."
ENQUIRIES:
Roberto Quarta, Chief Executive, BBA Group PLC, 020 7842 4900
Roy McGlone, Finance Director
Susan Gilchrist/Nigel Prideaux, Brunswick, 020 7404 5959
2004 Preliminary Results Presentation, 23rd February 2005