HY 2016 summary:
· Revenue broadly unchanged at £545m, down 7% on a like-for-like basis.
· Adjusted operating profit down 18% (constant FX) to £70m.
· Adjusted operating margin -200bps to 12.9%.
· Adjusted EPS 18% lower (constant FX) at 19.2p.
· Tax rate on adjusted profit reduced by 300bps to 20.0%.
· Net debt of £434m (FY 2015: £374m), with cash flow generation offset by higher dividends and foreign exchange.
· Half year dividend unchanged at 6.3p per share.
· Essentra Board working in conjunction with Chief Executive on succession planning.
