Business
Preliminary results announcement
Preliminary results announcement.
About this update from Elementis Plc
[{"type":"text","content":"\n \nRNS Number : 5486Q Elementis PLC 01 March 2016 \n\n \nPRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015\n \nElementis plc (ELM.L), a global specialty chemicals company, announces its results for the year ended 31 December 2015.\n \nHIGHLIGHTS\n· Group sales reduced by 14 per cent due to lower oilfield drilling and impact of stronger US dollar.\n· Specialty Products delivered improved contribution margins and market share gains, successes include:\no North American decorative coatings* up 15 per cent.\no European coatings* up 3 per cent.\no Personal care* up 3 per cent for the year; 6 per cent in the second half.\n· Another year of excellent cash generation:\no Net cash position increased to $74.0 million.\n· Total dividends for the year increased by 7 per cent to 16.45 cents:\no Final dividend maintained at previous year level.\no Special dividend increased by 15 per cent; fourth consecutive payment.\n \n * constant currency sales\n \n \n\n\n\n\nFINANCIAL SUMMARY\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n2015\n\n\n \n\n\n2014\n\n\n \n\n\n\n\nSales\n\n\n \n\n\n$678.8m\n\n\n \n\n\n$790.4m\n\n\n \n\n\n\n\nOperating profit**\n\n\n \n\n\n$122.5m\n\n\n \n\n\n$150.1m\n\n\n \n\n\n\n\nProfit before tax**\n\n\n \n\n\n$116.2m\n\n\n \n\n\n$141.9m\n\n\n \n\n\n\n\nDiluted earnings per share**\n\n\n \n\n\n20.8c\n\n\n \n\n\n24.8c\n\n\n \n\n\n\n\nOperating cash flow\n\n\n \n\n\n$102.5m\n\n\n \n\n\n$144.4m\n\n\n \n\n\n\n\nNet cash\n\n\n \n\n\n$74.0m\n\n\n \n\n\n$64.2m\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit for the year\n\n\n \n\n\n$95.3m\n\n\n \n\n\n$175.4m\n\n\n \n\n\n\n\nBasic earnings per share\n\n\n \n\n\n20.6c\n\n\n \n\n\n38.1c\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nDividends to shareholders:\n- Interim dividend \n\n\n \n\n\n \n2.70c\n\n\n \n\n\n \n2.70c\n\n\n \n\n\n\n\n- Final proposed\n- Special dividend\n- Total for the year\n\n\n \n\n\n5.75c\n8.00c\n16.45c\n\n\n \n\n\n5.75c\n6.95c\n15.40c\n\n\n \n\n\n...