Overview
· Significant transition progress: realigned footprint and optimised brand portfolio
· Robust performance: earnings per share up 6 per cent at constant currency
· Enhanced quality of growth, driven by Growth Brands and Growth Markets
o Growth Brands: share up (+30bps); net revenue up 2 per cent
o Growth Markets: share up (excluding Russia); net revenue +2%, profit +7%
o Returns Markets: robust profit performance
· Cost optimisation initiatives deliver £30 million; on track for £300 million pa by 2018
· Strong cash conversion: 86%
· Full year dividend per share +10% to 116.4p; total of £1.6bn returned to shareholders in year
