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Company Information

Financial Data
Key Highlights of 20111


Revenue up 11% at constant FX (+8% like-for like2), with growth across all divisions

Adjusted3operating profit up 14% with margin expansion of 40 bps to 15.6%

Adjusted3 EPS ahead 21% to 25.1p

Adjusted3 operating cash flow up 24% to £93m; net working capital improvement to 13.1% of revenue, down 110bps

Net debt of £145m, increased predominantly due to £89m acquisition spend on Reid Supply and Richco, Inc

Full year dividend +17% to 10.5p per share

Sucessful organisation changes implemented to underpin Vision 2015

 

1figures presented in the Key Highlights are in respect of continuing operations and are shown at constant exchange rates
2excluding the impact of acquisitions and disposals
3excluding intangible amortisation and exceptional operating items, less tax relief thereon