Financial Highlights
As anticipated in the Group's May IMS, revenue at constant currency in the first half of the year was broadly flat compared to the equivalent period last year
Order intake in the first half was encouraging with a book-to-bill ratio of 1.06 times with all geographies above 1.00 times and the Asia region showing particular strength
Group EBITA margin for the first half of the year was 12.6% (H1 2013: 12.0%)
Reported results were impacted by the continued strengthening of sterling. Relative to H1 2013, the impact of foreign exchange was an adverse movement of £33.7 million for revenue and of £5.1 million for EBITA
Net debt at the half year was £194.3 million (Full year 2013: £186.5 million). Net debt to EBITDA ratio at the half year was 1.3 times (Full year 2013: 1.3 times)
Interim dividend increased by 2.6% to 3.9 pence per share (2013: Interim 3.8 pence per share)
