Highlights
Order book up 1% at £15.3bn with 63% now economic infrastructure
Revenue down 1%; down 4% before the impact of foreign exchange and acquisitions
Continuing profit growth in Professional Services and Investments
Cost efficiency programme on track to achieve £80 million by 2015; £36 million of savings achieved at a non-underlying cost of £61 million in 2012
Directors' valuation of the PPP portfolio at £734 million (2011: £743 million) after the disposal of two assets generating disposal gains of £52 million
Strategic decision taken to divest of Mainland European rail operations; non-underlying cost of £104 million incurred including £95m goodwill write down
Underlying earnings per share down 1%; full-year dividend increased by 2% to 14.1p