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FINANCIAL HIGHLIGHTS |
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Profit before tax up 9.1% to £207.3m |
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South West Water up 10.8% to £162.5m |
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Viridor down 19.5% to £27.6m |
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Viridor PBIT + JVs down 4.6% to £43.6m |
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Viridor EBITDA down 1.8% to £76.3m |
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Net exceptional charges £48.6m (post tax £39.7m) |
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Earnings per share up 5.7% to 42.6p |
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Dividend |
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Full year dividend up 6.5% to 30.31p |
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Recommended final dividend per share up 6.2% to 20.92p |
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Strong liquidity and funding position |
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£640m new/refinanced facilities since 31 March 2013 |
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£1,303m cash/committed facilities at 31 March 2014 |
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Average cost of debt reduced to 3.8% |
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Substantial progress in delivery of major capital programmes |
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South West Water capex up 22% - target efficiencies delivered |
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Viridor - 70% of spend now complete on EfW projects under construction |
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Group businesses well positioned for the future |
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