|
Group income statement
|
|
|
|
|
|
|
Revenue
|
|
|
|
|
|
|
Continuing operations
|
963.5
|
848.4
|
658.7
|
733.6
|
1,110.70
|
|
Adjusted operating profit
|
|
|
|
|
|
|
Continuing operations
|
45.8
|
28.5
|
6.1
|
3.7
|
89.4
|
|
Amortisation of intangible assets from acquisitions
|
(2.2)
|
(0.2)
|
–
|
(7.7)
|
(13.1)
|
|
Goodwill impairment and write-off
|
–
|
–
|
–
|
(134.3)
|
–
|
|
Net Restructuring income/(cost)
|
(5.6)
|
4.2
|
4.4
|
(39.0)
|
(12.1)
|
|
Site relocation costs
|
(0.1)
|
–
|
–
|
–
|
–
|
|
US class action lawsuits
|
–
|
–
|
–
|
–
|
(2.6)
|
|
Operating profit/(loss)
|
37.9
|
32.5
|
10.5
|
(177.3)
|
61.6
|
|
Finance income/finance costs, net (excluding lease liabilities)
|
(9.6)
|
(7.4)
|
(5.8)
|
(7.8)
|
(8.1)
|
|
Interest on lease liabilities
|
(2.9)
|
(2.5)
|
(2.6)
|
(3.0)
|
(3.5)
|
|
Net finance income of retirement benefits
|
2.1
|
1.2
|
0.4
|
0.9
|
0.7
|
|
Corporate undertakings
|
(4.7)
|
(1.4)
|
21.2
|
(4.6)
|
(22.0)
|
|
Profit/(loss) before tax
|
22.8
|
22.4
|
23.7
|
(191.8)
|
28.7
|
|
Tax
|
8.3
|
(2.2)
|
0.5
|
33.3
|
0.5
|
|
Profit/(loss) for the year
|
31.1
|
20.2
|
24.2
|
(158.5)
|
29.2
|
|
Depreciation and amortisation of intangibles excluding right-of-use assets
|
41.2
|
39.5
|
38.3
|
51.4
|
57.5
|
|
Depreciation on right-of-use assets
|
10.5
|
10.3
|
9.5
|
10.2
|
10.2
|
|
Gross capital expenditure
|
35.9
|
30.5
|
21.3
|
26.8
|
64.8
|
|
Basic earnings/(loss) per share
|
7.52p
|
4.86p
|
5.82p
|
(38.20)p
|
7.04p
|
|
Diluted earnings/(loss) per share
|
7.32p
|
4.73p
|
5.73p
|
(38.20)p
|
7.01p
|
|
Adjusted earnings/(loss) per share
|
10.28p
|
4.36p
|
0.17p
|
(0.84)p
|
16.17p
|
|
Dividends in respect of years – per share
|
2.30p
|
1.30p
|
0.0p
|
0.0p
|
2.28p
|
|
– value
|
9.5
|
5.3
|
–
|
–
|
9.5
|
|
Group Balance Sheet
|
|
|
|
|
|
|
Non-current assets excluding right-of-use assets
|
521.8
|
539.8
|
463.5
|
482.7
|
651.4
|
|
Right-of-use assets IFRS 16
|
64.4
|
70.8
|
67.4
|
72.5
|
82.3
|
|
Non-current assets
|
586.2
|
610.6
|
530.9
|
555.2
|
733.7
|
|
Net current assets
|
165.5
|
104.1
|
110.3
|
89.2
|
102.5
|
|
Non-current liabilities
|
(294.6)
|
(265.3)
|
(216.1)
|
(251.1)
|
(276.6)
|
|
Net assets
|
457.1
|
449.4
|
425.1
|
393.3
|
559.6
|
|
Net debt pre IFRS 16
|
(132.0)
|
(100.5)
|
(79.9)
|
(129.4)
|
(145.9)
|
|
Lease liabilities IFRS 16
|
(71.8)
|
(78.4)
|
(73.2)
|
(76.5)
|
(83.7)
|
|
Net debt
|
(203.8)
|
(178.9)
|
(153.1)
|
(205.9)
|
(229.6)
|
|
Group Cash Flow
|
|
|
|
Net cash from operating activities
|
41.4
|
57.7
|
27.0
|
48.9
|
115.9
|
|
Corporate undertaking costs
|
1.9
|
1.4
|
4.8
|
4.6
|
3.4
|
|
Net Restructuring cash (received)/paid
|
2.1
|
(2.1)
|
0.9
|
15.2
|
2.9
|
|
Site relocation costs
|
0.1
|
–
|
–
|
–
|
–
|
|
US class action lawsuits
|
–
|
–
|
2.3
|
3.9
|
–
|
|
US pension settlement cash paid
|
0.9
|
–
|
–
|
–
|
–
|
|
Interest received
|
4.3
|
0.7
|
0.1
|
0.2
|
0.2
|
|
Proceeds from disposal of property, plant and equipment
|
0.7
|
0.5
|
0.2
|
0.5
|
0.7
|
|
Purchase of property, plant and equipment – cash
|
(33.7)
|
(28.7)
|
(20.2)
|
(25.2)
|
(63.0)
|
|
Purchase of intangible assets
|
(2.2)
|
(1.8)
|
(1.1)
|
(1.6)
|
(1.8)
|
|
Free cash flow
|
15.5
|
27.7
|
14.0
|
46.5
|
58.3
|
|
Dividends paid
|
(6.6)
|
(1.2)
|
–
|
–
|
(31.2)
|
|
Acquisition costs/Disposal proceeds
|
(23.9)
|
(25.3)
|
51.7
|
0.4
|
2.9
|
|
Corporate undertaking costs
|
(1.9)
|
(1.4)
|
(4.8)
|
(4.6)
|
(3.4)
|
|
Net Restructuring cash (paid)/received
|
(2.1)
|
2.1
|
(0.9)
|
(15.2)
|
(2.9)
|
|
US class action lawsuits
|
–
|
–
|
(2.3)
|
(3.9)
|
–
|
|
Site relocation costs
|
(0.1)
|
–
|
–
|
–
|
–
|
|
US pension settlement cash paid
|
(0.9)
|
–
|
–
|
–
|
–
|
|
Purchase of shares held by employee benefit trust
|
(5.6)
|
(4.5)
|
–
|
–
|
(6.3)
|
|
Increase/(decrease) in loans
|
40.0
|
0.4
|
(21.1)
|
(7.2)
|
(3.2)
|
|
Decrease in lease liabilities
|
(10.2)
|
(9.1)
|
(8.4)
|
(7.9)
|
(7.8)
|
|
Increase/(decrease) in cash and cash equivalents
|
4.2
|
(11.3)
|
28.2
|
8.1
|
6.4
|