Group Highlights
Group results reflect the continued strong organic growth and the contribution from acquisitions
Record profits achieved in all four divisions
Sales increased 13%, up 6% on an organic basis
Management trading (operating) profit up 19%
Trading margin improved to 8.1%
Profit before tax up 19%
Return on average invested capital of 18.1% (excluding Volvo Aero)
Earnings per share up 17%
Final dividend of 4.8 pence per share, giving a total for 2012 of 7.2 pence per share, a 20% increase
Reported profit before tax of £588 million (2011: £351 million)
Positive free cash flow of £213 million (2011: £147 million), excluding Volvo Aero
Net debt of £871 million (2011: £538 million), reflecting the acquisition of Volvo Aero.
Nigel Stein said:
"2012 was another strong year for GKN with record profits in all four divisions. The Group has continued to make good progress financially and in implementing our strategy to build a market-leading global business, with excellent technology, a focus on operational excellence and above-market growth.
GKN operates in global markets and has the capabilities needed to take advantage of the growth opportunities that those markets bring. With the benefit of a full year contribution from Volvo Aero, we expect 2013 to be a year of good progress for the Group."
