Results in brief
Results from continuing operations
£15,710m
Sales1
2006: £13,765m
£1,477m
EBITA2
2006: £1,207m
£1,177m
Operating profit
2006: £1,054m
31.0p
Underlying earnings3 per share
2006: 23.8p
26.0p
Basic earnings per share4
2006: 19.9p
£38.6bn
Order book5
2006: £31.7bn
Other results including discontinued operations
12.8p
Dividend per share
2006: 11.3p
£2,162m
Cash inflow from operating activities
2006: £778m
£700m
Net cash as defined by the Group
2006: £435m
Highlights
- Good financial performance
- Continued growth from US businesses
- Leadership position established in global land systems sector
- Underlying earnings3 per share up 30% to 31.0p
- Dividend increased 13.3% to 12.8p per share for the year
Outlook
We have excellent forward visibility and a further year of good growth is anticipated in 2008, including a full year contribution from the former Armor Holdings business. In addition, part-year contributions are expected following the anticipated completion in 2008 of the proposed acquisitions of MTC Technologies and Tenix Defence.
1 including share of equity accounted investments
2 earnings before amortisation and impairment of intangible assets, finance costs and taxation expense
3 earnings excluding amortisation and impairment of intangible assets, non-cash finance movements on pensions and financial derivatives, and uplift on acquired inventories (see note 10 to the Group accounts)
4 basic earnings per share in accordance with International Accounting Standard 33
5 including share of equity accounted investments’ order books and after the elimination of intra-group orders of £1.4bn (2006 £1.0bn)
