Business
Final Results 2015
Final Results 2015.
About this update from Spirax Group Plc.
[{"type":"text","content":"\n \nRNS Number : 8722Q Spirax-Sarco Engineering PLC 03 March 2016 \n \n\n \n \nNews Release\nThursday 3rd March 2016\n \n \n 2% organic sales growth and record operating profit margin, against a background of progressively slowing industrial production growth\n \nHIGHLIGHTS\n \n\n\n\n\nAdjusted*\n\n\n2015\n\n\n2014\n\n\nChange\n\n\nConstant FX\n\n\n\n\nRevenue\n\n\n£667.2m\n\n\n£678.3m\n\n\n-2%\n\n\n+2%\n\n\n\n\nAdjusted operating profit* \n\n\n£152.4m\n\n\n£153.0m\n\n\n0%\n\n\n+4%\n\n\n\n\nAdjusted operating profit margin*\n\n\n22.8%\n\n\n22.5%\n\n\n+30 bps\n\n\n+40 bps\n\n\n\n\nAdjusted profit before taxation* \n\n\n£151.1m\n\n\n£151.1m\n\n\n0%\n\n\n+4%\n\n\n\n\nAdjusted basic earnings per share*\n\n\n142.6p\n\n\n140.4p\n\n\n+2%\n\n\n+6%\n\n\n\n\nDividend per share\n\n\n69.0p\n\n\n64.5p\n\n\n+7%\n\n\n+7%\n\n\n\n\nSpecial dividend per share\n\n\n-\n\n\n120.0p\n\n\n \n\n\n \n\n\n\n\n \n*All profit measures exclude certain non-operational items, as set out and explained in the Financial Review and in note 2.\n Organic measures are at constant currency and exclude acquisitions and disposals.\n \n\n\n\n\nStatutory\n\n\n2015\n\n\n2014\n\n\nChange\n\n\n\n\nOperating profit \n\n\n£142.8m\n\n\n£148.1m\n\n\n-4%\n\n\n\n\nProfit before taxation \n\n\n£139.7m\n\n\n£144.8m\n\n\n-4%\n\n\n\n\nBasic earnings per share\n\n\n129.9p\n\n\n132.8p\n\n\n-2%\n\n\n\n\n \n· Organic sales increased 2%\n· Record operating margin of 22.8%\n· Another strong performance in Watson-Marlow\n· Robust cash generation, 95% cash conversion\n· Dividend increased by 7%\n \nNick Anderson, Chief Executive, commenting on the results said:\n \n\"The Group achieved another solid result in 2015, demonstrating the continued strength and resilience of our strong direct sales business model, achieved against the background of a progressive slowing in global industrial production growth to very low levels and also further currency headwinds. We have continued to invest in our business for the long term and remain confident that the improvements we have made, and continue to make to our business, will enable us t...