Financial Highlights

  2018
£M
2017
£M
Headline growth CER growth Underlying growth
BUSINESS PERFORMANCE
Sales 4,129 4,513 (9)% (6)% (1)%
Adjusted operating profit 546 576 (5)% (2)% 8%
Adjusted EPS 70.3p 54.1p 30%    
Deferred revenue 912 839 9% 4% 7%
Operating cash flow 513 669 (23)%    
Net debt (143) (432) 67%    
Dividend 18.5p 17p 9%    
STATUTORY P&L
Adjusted operating profit 546 576
     
Amortisation of intagibles (113) (166)      
Other net gains and losses 230 128      
Restructuring cost (102) (79)      
UK Pension GMP equalisation (8) -
     
Impact of US tax reform - (8)      
Operating profit
553 451      
Interest (24) (79)      
Other net finance income/(costs) (31) 49      
Profit before tax 498 421      
Taxation 92 (13)      
Profit after tax 590 408      
Basic EPS 75.6p 49.9p