HIGHLIGHTS
|
Adjusted* |
2013 |
**2012 |
Change |
Constant FX |
|
Revenue |
£689.4m |
£661.7m |
+4% |
+4% |
|
Adjusted operating profit* |
£151.6m |
£136.2m |
+11% |
+10% |
|
Adjusted operating profit margin* |
22.0% |
20.6% |
|
|
|
Adjusted profit before taxation* |
£151.1m |
£134.9m |
+12% |
+11% |
|
Adjusted basic earnings per share* |
138.8p |
122.2p |
+14% |
+12% |
|
Dividend per share |
59.0p |
53.0p |
+11% |
+11% |
|
Special dividend per share |
- |
100.0p |
|
|
Statutory |
2013 |
2012 |
Change |
|
Operating profit |
£147.0m |
£125.7m |
+17% |
|
Profit before taxation |
£145.7m |
£124.1m |
+17% |
|
Basic earnings per share |
133.4p |
112.2p |
+19% |
· Another year of record sales and profit
· Organic sales up 4%
· Operating profit up 26% in EMEA at constant currency
· Operating margin jumped to record 22.0%
· Good cash generation, 94% cash conversion
Nick Anderson, Chief Executive, commenting on the results said:
I am pleased to report further good progress in 2013, achieving record sales and profit. Organic sales growth was 4%, led by Asia Pacific. Operating profit increased by 11%, with an outstanding improvement in EMEA. We have a robust and resilient business model built around our direct sales approach. Our fundamental strength and growth strategies give the Board confidence that the Group will make further progress in 2014, although currency movements have provided a strong headwind in the early months of this year.
