Strong financial performance
Revenue £2,330m, up 17%
Adjusted profit before tax £461m, up 8%
- Reflecting the shift of Beauty from licensing to direct operation
Reported profit before tax £444m, up 27%
Full year dividend 32.0p, up 10%
- Moving progressively from 40% payout ratio to 50% over three years
Net cash £403m at year-end, up £106m
