WELL POSITIONED FOR CONTINUED DEVELOPMENT

HY 2011 highlights:

• Revenue up 10% (constant FX), with strong performances from all divisions.
• Operating profit¹ up 12% (constant FX).
• Operating margin¹ up 30bps (constant FX) to 16.2%, level at actual FX.
• Adjusted EPS up 18% (constant FX) to 13.0p.
• Working capital improvement: 14.9% of revenue, down 210bps.
• Strong operating cash flow of £43.1m, up 72%, with net debt reduced to £81.5m (FY 2010: £90.8m).
• 10% increase in the interim dividend, to 3.3p per share.

Results at a glance:

¹ Before intangible amortisation.
² Continuing operations.

Commenting on today's results, Colin Day, Chief Executive said:
"The Company delivered strong half year results, reflecting the quality of its market positions and the cash generative business models in all divisions. The results have been further supported by ongoing investment in the business and by new developments, underscoring the commitment to be an innovation-leading supplier to our customers.

Whilst mindful of the current economic uncertainty, given the current platform and momentum in the business, combined with an accelerated drive on balanced growth across all divisions, the Company is well positioned for continued positive development through the second half of 2011 and into the next financial year."

• A copy of these results is available on www.filtrona.com.
• A live webcast of today's presentation of these results to investors and analysts will start at 09.00am on 24 August 2011 www.filtrona.com/investor-centre.aspx.
  
  Click here to download a copy of the full half year results (PDF, 666kb)
  
  
  Click here to view the webcast and presentation