 |
||
|
| 2007 Half year |
2006 Half year |
Change | ||||
| Sales from continuing businesses (£m)# | 308.7 | 303.6 | +1.7% | |||
| Adjusted operating profit from continuing businesses (£m)#* | 39.4 | 31.3 | +26% | |||
| Adjusted operating profit (£m)#* | 39.9 | 32.7 | +22% | |||
| Adjusted profit before tax (£m)* | 36.8 | 27.5 | +34% | |||
| Adjusted earnings per share (pence)* | 20.8 | 15.7 | +32% | |||
| Dividend (pence) | 5.75 | 5.0 | +15% | |||
| Statutory | ||||||
| Sales (£m) | 317.3 | 327.3 | -3% | |||
| Profit before tax (£m) | 56.4 | 36.9 | +53% | |||
| Basic earnings per share (pence) | 33.4 | 20.7 | +61% | |||
| # Continuing businesses exclude businesses divested * For explanation of adjusted figures see Note 2 |
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- Sales from continuing businesses up 7.6% at constant exchange rates
- Operating margins improved by 2.5 percentage points to 12.8%
- Strong cash conversion contributing to further reduction in net debt by £9.6 million to £62.1 million
- Share buy-back: 3.5 million shares purchased for £32.5 million
- Dividend increased by 15%
Commenting on the results, John O’Higgins, Chief Executive, said:
"With sales, profits and operating margins all increasing compared with the prior year,
Spectris has made good progress towards meeting its objectives. We remain confident
of continued improvement consistent with expectations for the year."