Business
Half Yearly Report
Half Yearly Report.
About this update from Rentokil Initial Plc
[{"type":"text","content":"\n \nRNS Number : 4495F Rentokil Initial PLC 28 July 2016 \n\n \n \n 28 July 2016\n \n RENTOKIL INITIAL PLC (RTO) \n INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016\n \n\n\n\n\nResults \n\n\n \n\n\n \n\n\nH1 2016 \n\n\n Growth\n\n\n\n\n£m\n\n\n \n\n\n \n\n\n \n\n\nAER\n\n\nAER\n\n\nCER\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\nRevenue \n\n\n \n\n\n \n\n\n \n\n\n987.1\n\n\n15.4%\n\n\n10.6%\n\n\n\n\nRevenue\n- ongoing operations1\n\n\n \n\n\n \n\n\n \n\n\n \n979.5\n\n\n \n16.3%\n\n\n \n11.5%\n\n\n\n\nAdjusted operating profit2 \n\n\n \n\n\n \n\n\n \n\n\n114.0\n\n\n16.9%\n\n\n11.7%\n\n\n\n\nAdjusted operating profit2\n- ongoing operations1\n\n\n \n\n\n \n\n\n \n\n\n \n114.3\n\n\n \n16.2%\n\n\n \n11.0%\n\n\n\n\nAdjusted profit before tax2\n\n\n \n\n\n \n\n\n \n\n\n98.3\n\n\n22.5%\n\n\n16.9%\n\n\n\n\nProfit before tax\n\n\n \n\n\n \n\n\n \n\n\n80.4\n\n\n14.4%\n\n\n9.2%\n\n\n\n\nFree cash flow3 \n\n\n \n\n\n \n\n\n \n\n\n57.1\n\n\n \n\n\n \n\n\n\n\nAdjusted EPS4\n\n\n \n\n\n \n\n\n \n\n\n4.20p\n\n\n23.5%\n\n\n17.1%\n\n\n\n\nEPS \n\n\n \n\n\n \n\n\n \n\n\n3.56p\n\n\n16.7%\n\n\n10.4%\n\n\n\n\nDividend per share\n\n\n \n\n\n \n\n\n \n\n\n0.99p\n\n\n13.8%\n\n\n \n\n\n\n\n \nHighlights (at CER unless stated otherwise)\n· Strong overall performance in H1 - ongoing revenue +11.5%, ongoing adjusted operating profit +11.0% and free cash flow of £57.1m (at AER) on track to meet £110m+ target for the year\n· Improved organic growth - total organic revenue growth +2.5% year on year (FY 2015: +1.8%). Pest Control +5.5%, Hygiene +2.5%; lower level of organic decline in Workwear business of -1.8% (FY 2015: -3.2%) impacted by continued challenging conditions in France and Benelux\n· Continued strong M&A execution - 20 acquisitions to 30 June 2016 (16 in Pest Control)...