Financial Summary

Company Background

Primary Country Listing UK
Status Full
Index FTSE All Share, FTSE 250
Sector Support Services
Activities Speciality plastic, fibre, foam and packaging products supplier

 

Results for year ended 31 December 2019

 

FY 2019 
After applying IFRS 16 

FY 2019 
Before applying IFRS 16 

FY 20181 

% change Actual FX2 

% change Constant FX2 

Revenue  

£974m 

£974m 

£1026m 

-5 

-6 

Adjusted3 operating profit  

£88m 

£85m 

£91m 

-4 

-5 

Adjusted3 pre-tax profit  

£73m 

£73m 

£80m 

-9 

-10 

Adjusted3 net income4 

£59m 

£59m 

£64m 

-9 

-11 

Adjusted3 basic earnings per share 

21.3p 

21.2p 

23.1p 

-8 

-10 

Dividend per share 

20.7p 

20.7p 

20.7p 

- 

n/a 

Net debt 

£284.4m 

£233.7m 

£240.1m 

+18 

n/a 

Net debt to EBITDA 

2.0x 

1.9x 

1.8x 

n/a 

n/a 

Free cash flow5 

£40.7m 

£28.6m 

£50.2m 

n/a 

n/a 

 

 

 

 

 

 

Reported operating profit  

£80m 

£78m 

£47m 

+69 

+66 

Reported pre-tax profit  

£66m 

£66m 

£36m 

+80 

+76 

Reported net income4 

£41m 

£41m 

£28m 

+47 

+46 

Reported basic earnings per share 

14.7p 

14.6p 

9.3p 

+58 

+58 

FY 2018 results are unadjusted for IFRS 16 (see Basis of Preparation)
Y-o-Y changes are calculated by comparing data for FY 2019 after applying IFRS 16 with data for FY 2018 (which is unadjusted for IFRS 16)
Before amortisation of acquired intangible assets and exceptional and other adjusting items
Net income is defined as profit after tax, before minority interests
A reconciliation of free cash flow is set out in the Financial Review

 

Annual Report

Annual Report 2019 PDF 16.40MB