Finals were in line with expectations, with the significant benefits delivered by the Step 2020 self help programme more than offset by market headwinds. Underlying revenues declined 8.9% to £165.2m but, with the lowered breakeven point, operating margins were maintained at 8.6%. Operating profits fell 8.4% to £14.2m and with the benefit of lower interest costs, adjusted PBT (before pension costs and exceptional items) declined 6.6% to £12.7m. Cash flow remained strong, allo
