BAE SYSTEMS PLC HALF-YEARLY REPORT 2012 RESULTS IN BRIEF
|
Results from continuing operations |
Six months ended |
Six months ended |
Year ended |
|
Sales |
£8,334m |
£9,229m |
£19,154m |
|
Underlying EBITA |
£939m |
£968m |
£2,025m |
|
Operating profit |
£786m |
£757m |
£1,580m |
|
Underlying earnings per share: |
|
|
|
|
‑ including R&D tax benefit |
18.8p |
18.6p |
45.6p |
|
‑ excluding R&D tax benefit |
18.8p |
18.6p |
39.7p |
|
Basic earnings per share |
14.5p |
14.5p |
37.0p |
|
Order backlog |
£40.0bn |
|
£39.1bn |
|
Other results including discontinued operations |
Six months ended 30 June 2012 |
Six months ended 30 June 2011 |
Year ended 31 December 2011 |
|
Dividend per share |
7.8p |
7.5p |
18.8p |
|
Operating business cash flow |
£742m |
£11m |
£634m |
|
Net debt (as defined by the Group) |
£(1,230)m |
£(1,122)m |
£(1,439)m |
FINANCIAL KEY POINTS
- Sales reduced by 10%
- Underlying EBITA reduced by 3%
- Underlying earnings per share increased by 1%
- Order backlog increased to £40.0bn
- Non-US and UK order intake increased to £4.3bn
- Interim dividend increased by 4% to 7.8p per share
‑ Operating business cash inflow increased to £742m
OUTLOOK
In line with previous guidance, modest growth in underlying earnings per share is anticipated, assuming a satisfactory conclusion to the Salam pricing negotiations in 2012 and excluding the benefit in 2011 of the Research & Development tax settlement. A higher level of operating business cash inflow is planned in 2012 including the anticipated benefit of cash receipts related to the Salam programme.
