FINANCIAL HIGHLIGHTS
- The second half bias on Typhoon aircraft deliveries together with the expected lower volumes at Land & Armaments contributed to a 10% decrease in sales2 (6% at constant currency)
- Good margin performance in most businesses, whilst reduced volumes decreased underlying EBITA3 by 7% (4% at constant currency)
- The benefits of the share repurchase programme and lower tax rate largely offset the lower underlying EBITA3 resulting in underlying earnings4 per share of 17.7p
- Large order backlog of £39.7bn after exchange translation of £0.4bn
- Interim dividend increased by 2% to 8.2p per share
- £618m returned to shareholders in the period, including £235m on the share repurchase programme
