Business
Preliminary Results for year ended 31.12.10
Preliminary Results for year ended 31.12.10.
About this update from Rentokil Initial Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 4567B Rentokil Initial PLC 18 February 2011 \n \n\n 18 February 2011\n \nRENTOKIL INITIAL PLC (RTO)\nPRELIMINARY RESULTS (unaudited) FOR YEAR ENDED 31 DECEMBER 2010\n \n\n \n\n\n\n\n\nResults \n\n\nQ4 2010\n\n\nGrowth\n\n\nFY 2010\n\n\nGrowth\n\n\n\n\n\n\n\nAER\n\n\nAER\n\n\nCER\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\n642.4\n\n\n(0.8%)\n\n\n(0.5%)\n\n\n2,496.5\n\n\n(1.4%)\n\n\n(1.2%)\n\n\n\n\nAdjusted operating profit1\n\n\n67.2\n\n\n(6.7%)\n\n\n(6.6%)\n\n\n239.3\n\n\n8.4%\n\n\n8.3%\n\n\n\n\nAdjusted profit before tax1\n\n\n58.5\n\n\n(5.3%)\n\n\n(5.7%)\n\n\n192.3\n\n\n15.5%\n\n\n15.1%\n\n\n\n\n(Loss)/profit before tax\n\n\n(55.7)\n\n\nN/A\n\n\nN/A\n\n\n14.5\n\n\n(77.7%)\n\n\n(76.5%)\n\n\n\n\nOperating cash flow2\n\n\n85.5\n\n\n(10.8%)\n\n\n(10.0%)\n\n\n220.1\n\n\n(30.5%)\n\n\n(30.7%)\n\n\n\n\nAdjusted EPS3\n\n\n\n\n\n\n\n\n\n\n\n7.81p\n\n\n18.2%\n\n\n\n\n\n\n\n\n \n\n \n2010 Full Year Highlights* \n· 15% growth in adjusted profit before tax at £192.3m despite poor performance in City Link & Benelux: \nØ Strong profit growth in Pest Control (+9.9%), Facilities Services (+21.6%), Asia Pacific (+40.3%) reflecting impact of new management, robust cost control and restructuring programmes \nØ City Link structural issues largely resolved but poor operational performance exacerbated by exceptionally challenging weather conditions during peak Christmas trading period \nØ Textiles & Hygiene Be...