Financials
Order book of approximately £9bn reflecting strong pipeline conversion in regional building and highway services;
Forecast revenue in Construction and Services 100% secured for year to June 2017; approximately 70% secured for year to June 2018;
Underlying operating profit of £56.5m, 4% organic growth on 2015;
Net debt of £179m ahead of expectations and expected to be maintained at 1x EBITDA for the full year;
Portfolio simplification;
Profit on disposal of Mouchel Consulting of £39m;
Provision for winding down of the Caribbean operations and final account negotiations of £33m;
Basic earnings per share of 38.9p (December 2015: 34.9p), up 11%, in line with Vision 2020 goals;
Interim dividend of 22.5p up 5%; and
On track with Vision 2020 goals.
