Results summary
|
£ million unless otherwise stated |
2012 |
|
Change |
|
Revenue |
1,007.5 |
1,101.0 |
-8.5% |
|
Group EBITA~ |
122.0 |
143.4 |
-14.9% |
|
Group underlying operating profit++ |
108.8 |
141.5 |
-23.1% |
|
Underlying PBT* |
89.7 |
119.7 |
-25.1% |
|
Underlying EPS** (pence) |
23.2p |
29.9p |
-22.4% |
|
Full year dividend (pence) |
10.0p |
9.25p |
+8.1% |
|
Net cash inflow from operating activities |
126.8 |
137.4 |
-7.7% |
|
Basic EPS from continuing operations(pence) |
20.2p |
26.9p |
-24.9% |
|
Operating profit |
100.5 |
133.2 |
-24.5% |
|
Profit before tax |
81.4 |
111.4 |
-26.9% |
|
Return on Operating Capital Employed^ |
26.5% |
33.7% |
|
Group EBITA margin for the full year was 12.1% (2011: 13.0%) and Group underlying operating profit margin (after restructuring and one-off costs) was 10.8% (2011: 12.9%)
The Ceramics Division EBITA margin continued to improve in 2012 to 14.3% (2011: 13.5%) on revenue that was 1.9% lower than 2011 on a constant currency basis
The Engineered Materials Division revenue for the year was down 15.2% on a constant currency basis with EBITA margins declining to 9.4% (2011: 13.4%).
Proposed final dividend increased by 6.7% to 6.4 pence per share (2011: Final 6.0 pence per share), giving a full year dividend of 10.0 pence (2011: 9.25 pence)
The net debt at the year end was reduced by a further £22.6 million to £192.8 million (2011: £215.4 million), resulting in a net debt to EBITDA ratio of 1.3 times (2011: 1.2 times)
