Income statement
|
|
2020 £m |
2021 £m |
2022 £m |
2023 £m |
2024 £m |
|
Revenue |
1,825 |
1,866 |
2,049 |
2,196 |
2,210 |
|
Adjusted operating profit |
284.7 |
318.1 |
363.8 |
410.6 |
435.5 |
|
Adjusted profit before tax |
273.9 |
307.0 |
346.1 |
387.4 |
418.8 |
|
Restructuring costs and associated impairment losses |
(37.7) |
(39.7) |
(25.9) |
(48.1) |
(54.7) |
|
Acquired intangible amortisation |
(18.7) |
(15.0) |
(29.5) |
(32.0) |
(28.2) |
|
Other acquisition items |
- |
(3.1) |
(4.2) |
(1.6) |
(0.7) |
|
Loss/(gain) on disposal of subsidiaries |
- |
(3.8) |
- |
- |
6.3 |
|
Exit from Russia |
- |
- |
(9.0) |
(2.0) |
- |
|
Financial instruments excluding economic hedge contract (losses)/gains |
(3.2) |
(0.8) |
7.9 |
(1.3) |
(11.1) |
|
Profit before tax |
214.3 |
244.6 |
285.4 |
302.4 |
330.4 |
Earnings and dividends
|
|
2020 |
2021 |
2022 |
2023 |
2024 |
|
Adjusted basic earnings per share |
79.7p |
92.0p |
105.5p |
116.8p |
122.5p |
|
Growth |
9% |
15% |
15% |
11% |
5% |
|
Statutory basic earnings per share |
62.7p |
73.5p |
87.6p |
91.5p |
96.0p |
|
Growth |
9% |
17% |
19% |
4% |
5% |
|
Ordinary dividend per share |
22.5p |
23.7p |
25.7p |
28.3p |
31.1p |
|
Growth |
-45% |
5% |
8% |
10% |
10% |
Statistics
|
|
2020 |
2021 |
2022 |
2023 |
2024 |
|
Organic revenue growth |
-4% |
7% |
4% |
6% |
4% |
|
Adjusted operating margin |
15.6% |
17.0% |
17.8% |
18.7% |
19.7% |
|
Cash conversion |
117% |
86% |
80% |
89% |
92% |
|
Return on invested capital |
12.3% |
13.2% |
12.7% |
13.1% |
13.4% |
|
Effective tax rate on adjusted profit before tax |
21.0% |
20.0% |
21.3% |
21.8% |
24.3% |
|
Adjusted EBITDA |
£380m |
£404m |
£457m |
£503m |
£526m |
|
Net debt (including lease liabilities) |
£316m |
£623m |
£812m |
£639m |
£548m |
|
Net debt: adjusted EBITDA |
0.8 |
1.5 |
1.8 |
1.3 |
1.0 |