FY 2012 highlights:
Revenue up 26% at constant FX (like-for-like +11%): growth in all principal divisions, led by Filter Products (LFL +17%).
Adjusted operating profit up 28% (constant FX).
Adjusted operating margin expansion of 30bps (at constant and actual FX) to 15.9%.
Adjusted EPS ahead 30% (constant FX) to 31.7p.
Net working capital improvement to 11.8% of revenue, down 110bps (constant FX).
Net debt of £164m (FY 2011: £145m), with strong cash flow generation being offset by higher dividend payments and the acquisitions of Lymtech, Jae Yong and Securit.
19% increase in the full year dividend to 12.5p per share.
Further investment and organisational change to support future growth opportunities.
