Key developments
Implementation of the Vision 2020 growth strategy has progressed well with 4% organic sales growth, further consolidation of the European packaging market and enhancement of the Group's position outside Europe
The integration of the Promens Group (acquisition completed 20 February 2015) is on track with estimated synergies now doubled to €30m per annum
Revenues up 17% to £1,222m (2014: £1,047m) reflecting organic growth and the contribution of acquisitions with the adjusted operating profit at a record level of £131.6m (2014 restated: £101.0m) representing a 10.8% return on sales (2014 restated: 9.6%)
Adjusted basic EPS improved 12% to 41.0p (2014 restated: 36.5p) with good cash generation and net cash flow from operating activities at £92.7m (2014 restated: £100.2m)
Final dividend of 11.0p recommended giving a total year dividend of 15.4p (restated and 2014 restated: 13.8p) representing a 12% increase over last year and in line with our progressive dividend policy
