Business
Full year results for the year ended 31 March 2019
Full year results for the year ended 31 March 2019.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 7709Z Babcock International Group PLC 22 May 2019 \n\nBabcock International Group PLC\nfull year results for the year ended 31 March 2019\n22 May 2019 \n \nProfit growth and strong cash generation\n\n\n\nFinancial results\n\n\n \nStatutory\n\n\n\n\n\nUnderlying\n\n\n\n\n \n\n\n31 March\n 2019\n\n\n31 March\n 2018\n\n\nChange\n\n\n \n\n\n31 March\n 2019\n\n\n31 March\n 2018\n\n\nFootnote\n\n\nChange\n\n\n\n\nRevenue\n\n\n£4,474.8m\n\n\n£4,659.6m\n\n\n-4.0 %\n\n\n \n\n\n£5,160.6m\n\n\n£5,362.8m\n\n\n1\n\n\n-3.8 %\n\n\n\n\nOperating profit\n\n\n£196.5m\n\n\n£370.6m\n\n\n-47.0 %\n\n\n \n\n\n£588.4m\n\n\n£584.6m\n\n\n2\n\n\n0.7 %\n\n\n\n\nProfit before tax\n\n\n£235.2m\n\n\n£391.1m\n\n\n-39.9 %\n\n\n \n\n\n£517.9m\n\n\n£512.5m\n\n\n3\n\n\n1.1 %\n\n\n\n\nBasic earnings per share\n\n\n39.5p\n\n\n66.6p\n\n\n-40.7 %\n\n\n \n\n\n84.0p\n\n\n83.0p\n\n\n4\n\n\n1.2 %\n\n\n\nSee page 2 for notes on the adjustments made to derive the underlying results of the Group and for all footnotes referred to in these tables.\n\n\n\n \n\n\n31 March 2019\n\n\n31 March 2018\n\n\nFootnote\n\n\nChange\n\n\n\n\nOperating cash flow\n\n\n£617.8m\n\n\n£495.2m\n\n\n\n\n\n24.8%\n\n\n\n\nFree cash flow (post pension payments)\n\n\n£323.7m\n\n\n£250.2m\n\n\n5\n\n\n29.4%\n\n\n\n\nNet debt\n\n\n£957.7m\n\n\n£1,115.0m\n\n\n\n\n\n-14.1%\n\n\n\n\nNet debt/EBITDA\n\n\n1.4x\n\n\n1.6x\n\n\n6\n\n\n-0.2x\n\n\n\n\nCombined order book and pipeline\n\n\n£31bn\n\n\n£31bn\n\n\n\n\n\nflat\n\n\n\n\nFull year dividend\n\n\n30.0p\n\n\n29.5p\n\n\n\n\n\n1.7%\n\n\n\n \nFinancial highlights\n· Underlying revenue of £5.2 billion, in line with guidance given in February 2019. Exits and disposals and lower activity in the short cycle parts of our business impacted revenue while performance across long term contracts remained strong. Organic underlying revenue growth at constant rates was -1.9% (-1.0% excluding exits)\n· Underlying operating profit up 0.7% to £588 million\n· Margin expansion reflects increased JV contribution, good...