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Results & Reports
Our latest results, for the 6 months ended 30 June 2008, are as follows:
| 2007 | 2008 | Change | |
|---|---|---|---|
| Order intake | £575m | £818m | +42% |
| Total revenue | £494m | £632m | +28% |
| Underlying1 trading margin | 16.9% | 16.8% | (0.1)pts |
| Underlying1 profit before tax (PBT) | £86m | £107m | +24% |
| Underlying1 earnings per share (EPS) | 5.5p | 6.7p | +22% |
| Basic earnings per share | 4.4p | 5.5p | - |
| Operating cash conversion2 | 75% | 116% | - |
| Interim dividend | 1.22p | 1.345p | +10% |
Please click here for our financial highlights and notes
- Order intake, including UK FSTA programme, drives order book higher to £2.2bn (2007: £1.7bn)
- Organic revenue growth of 14% across Technology Divisions
- Underlying EPS growth of 22% or 19% at constant translation exchange
- Cash conversion, excluding FSTA bid cost reimbursement, well ahead of target at 112%
- Five strategic acquisitions completed or agreed in period - integration on or ahead of plan
- Robust balance sheet and considerable financial flexibility
Footnotes
- To assist with the understanding of earnings trends, the Group has included within its published statements trading profit and underlying earnings results. Trading profit and underlying earnings have been defined to exclude the impacts of the amortisation of intangible assets recognised on acquisition, the write-up of inventory for pre-acquisition profit, the marking to market of currency instruments not realised in the period and impairments of goodwill. There has been no impairment to goodwill in the current or comparative periods. Trading profit and underlying earnings also exclude portfolio restructuring costs, which comprise exceptional profits or losses arising on disposals actually completed, as well as exceptional costs or profits associated with the restructuring of the Group's business and site integration. Trading profit and underlying earnings also exclude direct costs associated with exceptional terminated acquisitions.
- Operating cash flow is defined as cash generated from operations, adjusted for cash flows from the purchase or disposal of fixed assets. Operating cash conversion is defined as operating cash flow as a percentage of trading profit, excluding profit from joint ventures.
| Investor Seminar Thursday, 30 October | ||
|---|---|---|
| View On-demand Webcast | ||
| Interim Results | ||
| Download the Report | 652 KB |  |
| Download the presentation | 1.81 MB | |
| View Interim Webcast | - |  |
| Acquisition of M/A-COM | ||
| Download the report | 403 KB | |
| Annual Report | ||
|---|---|---|
| Download the report | 2.68 MB | |
| Preliminary Results | ||
| View Prelim Results webcast | - | |
| Download the presentation | 2.56 MB | |
| Interim Results | ||
| View Interim Webcast | - | |
| Download the presentation | 3.8 MB | |
| Download the report | 861 KB | |
| Restated Divisional Results | ||
| View Restated Divisional Results - 19/12/07 Trading Update | 12 KB | |
| View The New Divisions - 19/12/07 Trading Update | 48 KB | |
| Annual Report | ||
|---|---|---|
| View the interactive version of the report | - |  |
| Download the report | 4.5 MB | |
| Preliminary Results | ||
| View Prelim Results Webcast | - | |
| Download the presentation | 5.4 MB | |
| Interim Report | ||
| Download the report | 1.5 MB | |
| Interim Results | ||
| Download the presentation | 946 KB | |
| Annual Report | ||
|---|---|---|
| Download the report | 1.0 MB | |
| Historical Analysis | ||
| Download a Historical Analysis of Revenue and Trading Profit for the Half Year Ended 30 June 2005 and the Year Ended 31 December 2005 | 22 KB | |
| Preliminary Results | ||
| Download the presentation | 1.3 MB | |
| IFRS | ||
| Download the updated IFRS Statement | 19 KB | |
| Download information on the transition to IFRS | 256 KB | |
| Download information on the restatement of 2004 Results to IFRS | 61 KB | |
| Interim Report | ||
| Download the report | 740 KB | |
| Interim Results | ||
| Download the presentation | 4.6 MB | |
| Statement of Forms of Proxy June 2005 | ||
| Download the statement | 11 KB | |
| Investor Day 7 June 2005 | ||
| Download information on the investor day | 4.1 MB | |
| Annual Report | ||
|---|---|---|
| Download the report | 1.5 MB | |
| Preliminary Results | ||
| Download the presentation | 1.3 MB | |
| Remec Defense Acquisition | ||
| Download the presentation | 600 KB |  |
| Interim Report | ||
| Download the report | 116 KB | |
| Interim Results | ||
| Download the presentation | 349 KB | |
| Annual Report | ||
|---|---|---|
| Download the report | 1.3 MB | |
| Preliminary Results | ||
| Download the presentation | 1.8 MB | |
| Interim Results | ||
| Download the presentation | 1.7 MB | |
| Download a summary of the results | 80 KB | |
| Annual Report | ||
|---|---|---|
| Download the report | 1.3 MB | |
| Preliminary Results | ||
| Download the presentation | 106 KB | |
| Interim Results | ||
| Download the presentation | 1.7 MB | |
| Download a summary of the results | 74 KB | |
| Annual Report | ||
|---|---|---|
| Download the report | 6.7 MB | |