Pace plc: Preliminary Results for the year ended 31 December 2012
Adjusted EBITA up 11.8% to $158.1m, Free cash flow $182.7m, Dividend up 20.0% to 4.5c per share.
Financial highlights
Revenues up 4.1% to $2,403.4m (2011: $2,309.3m).
Adjusted EBITA up 11.8% to $158.1m (2011: $141.4m) including the impact of Hard Disk Drive (HDD) supply disruption of $23.1m in H1 (2011: $8.9m).
Adjusted EBITA margin 6.6% (2011: 6.1%), 7.3% before the impact of HDD supply disruption (2011: 6.4%).
Profit after tax up 50.5% to $58.4m (2011: $38.8m).
Basic EPS up 47.0% to 19.4c (2011: 13.2c) with Adjusted basic EPS(2) up 18.2% to 35.1c (2011: 29.7c).
Proposed final dividend 3.06c per share, resulting in full year dividend of 4.50c per share, a 20.0% increase on 2011 (2011: 3.75c).
Free cash flow $182.7m (2011: $8.2m).
Closing net debt down 49.2% to $163.3m (2011: $321.7m).
