Delivering double-digit earnings progress in H115 was a fair achievement in mixed market conditions. Four out of five global business units (GBU) raised EBIT in local FX and currency had a net neutral impact on results overall. Business investment is ongoing, we expect end-FY15 net debt to come in below £100m despite further significant spend in H2. A FY15e P/E of 12.6x and dividend yield of 3.9% offer investors a balanced growth and income rating.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Double-digit progress
Delivering double-digit earnings progress in H115 was a fair achievement in mixed market conditions. Four out of five global business units (GBU) raised EBIT in local FX and currency had a net neutral impact on results overall. Business investment is ongoing, we expect end-FY15 net debt to come in below £100m despite further significant spend in H2. A FY15e P/E of 12.6x and dividend yield of 3.9% offer investors a balanced growth and income rating.