Performance highlights
| 2008 £ |
2007 £ |
Headline growth |
CER growth |
Underlying growth |
|
|---|---|---|---|---|---|
| Business performance | |||||
| Sales | 4,811 | 4,162 | 16% | 8% | 3% |
| Adjusted operating profit | 762 | 619 | 23% | 11% | 5% |
| Adjusted profit before tax | 674 | 549 | 23% | ||
| Adjusted earnings per share | 57.7p | 46.7p | 24% | ||
| Operating cash flow | 796 | 684 | 16% | ||
| Total free cash flow | 631 | 407 | 55% | ||
| Total free cash flow per share | 79.2p | 51.1p | 55% | ||
| Return on invested capital | 9.2% | 8.9% | 0.3% pts | ||
| Net debt | 1,460 | 973 | (50)% | ||
| Statutory results | |||||
| Operating profit | 676 | 574 | 18% | ||
| Profit before tax | 585 | 468 | 25% | ||
| Basic earnings per share - continuing | 47.9p | 39.0p | 23% | ||
| Cash generated from operations | 894 | 659 | 36% | ||
| Dividend per share | 33.8p | 31.6p | 7% | ||
| Note Throughout this document (unless otherwise stated), growth rates are stated on a constant exchange rate (CER) basis. Where quoted, underlying growth rates exclude both currency movements and portfolio changes. The ‘business performance’ measures are non-GAAP measures and reconciliations to the equivalent statutory heading under IFRS are included in notes 2, 8 and 33 to the annual report. Adjusted operating profit is stated on a continuing basis. | |||||
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