Half Year Results

> 2011/2012

Investors

Bookmark BOOKMARK

Results

Dividend increased by 5.5%, reflecting the Board’s confidence in the Group’s prospects.

Revenue £m is +12.7%. Revenue for 2007 is 1,179.8£m, for 2008 is 1,313.6£m, for 2009 is 1,487.2£m, for 2010 is 1,387.9£m and for 2011 is 1,564.3£m Normalised Profit before Taxation £m is -1.9%. Normalised Profit before Taxation for 2007 is 74.18£m, for 2008 is 91.9£m, for 2009 is 100.2£m, for 2010 is 96.5£m and for 2011 is 94.7£m Normalised Diluted EPS in pence is -3.6%. Normalised Diluted EPS for 2007 is 56.5 pence, for 2008 is 66.7 pence, for 2009 is 82.3 pence, for 2010 is 77.8pence and for 2011 is 75.0 pence
Headcount is +12.3%. Headcount for 2007 is 15,868, for 2008 is 17,278, for 2009 is 18,017, for 2010 is 15,601 and for 2011 is 17,522 Dividend in pence is +5.5%. Dividend for 2007 is 20 pence, for 2008 is 24 pence, for 2009 is 26 pence, for 2010 is 27.5 pence and for 2011 is 29.0 pence Normalised operating margin % -1.0pp. Operating Margin for 2007 is 5.7pp, for 2008 is 6.6pp, for 2009 is 6.9pp, for 2010 is 8.1pp and for 2011 is 7.1pp

Notes

  1. Revenue excludes the Group’s share of revenue from joint ventures.
  2. Normalised operating margin and normalised profit before taxation are before exceptional items, amortisation of intangible assets on acquisition and any profits or losses from disposals, and relate to continuing operations.
  3. Normalised diluted earnings per share (EPS) is based on normalised profit after tax and allows for the dilutive effect of share options.
  4. Headcount is shown on a full-time equivalent basis at the year-end, including agency staff.
  5. Dividend relating to the year, comprising the interim dividend paid in the year and the proposed final dividend.
  6. 2007 and 2008 figures are for continuing operations only.

The Group’s exposure to a variety of end markets provides resilience.

We are a strong Group in several areas:

  • Scale – the ability to deploy staff
  • Breadth – a wide range of technical skills
  • Cash resources – important in uncertain times
  • Higher end activity – not commodity engineering
  • Adjacencies/skill transfer – applying skills in related areas.

Quality remains a key determinant in selling to our clients.