Highlights
| 2006 Half year |
2005 Half year |
Increase | |
|---|---|---|---|
| Sales from continuing businesses (£m)# | 323.4 | 299.7 | 8% |
| Adjusted operating profit from continuing businesses (£m)#* | 32.4 | 27.4 | 18% |
| Sales (£m) | 327.3 | 307.2 | 7% |
| Adjusted operating profit (£m)* | 32.7 | 27.8 | 18% |
| Adjusted profit before tax (£m)* | 27.5 | 21.1 | 30% |
| Adjusted earnings per share (pence)* | 15.7 | 12.7 | 24% |
| Statutory | |||
| Profit before tax (£m) | 36.9 | 16.5 | 124% |
| Basic earnings per share (pence) | 20.7 | 5.9 | 251% |
| Dividend (pence) | 5.0 | 4.6 | 9% |
# Continuing businesses excludes Arcom Control Systems which was divested in the first quarter
* For adjusted figures see explanatory notes
- All divisions showed sales growth from continuing businesses
- Operating margins improved to 10%
- Operating profit to cash conversion rate of 113%
- Net debt reduced by £25 million to £95 million
- Dividend increased by 9%
Explanatory notes for reading the interim announcement
- Spectris uses adjusted figures as key performance measures. Adjusted figures are stated before amortisation of
acquisition-related intangible assets, goodwill charges, profits or losses on termination or disposal of businesses or major fixed assets, unrealised changes in the fair value of financial instruments, related tax effects and other tax items which do not form part of the underlying tax rate. The differences between the adjusted and unadjusted measures are reconciled in Note 2.
- The narrative that follows is based on the adjusted measures of operating profit, profit before tax and earnings per share. Unless otherwise stated, all sales and operating profit figures exclude the Arcom business which was divested in the first quarter.
