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Like-for-like revenue growth (%)1

£2,300.9m
5.1%

Reported revenue growth (%) 

£2,292.7m
+4.0%

Adjusted Operating Profit (£m)2

113.6
+20.5%

Free Cash Flow (£m)3

88.7
-14.5

Leverage (times)4

1.1
0.4x reduction

ROIC 

10.1%
+260 basis points

Five Year History

£m 2024 2023 2022  2021 2020
Reported revenue  2,292.7 2,203.8 2,139.2 1,871.6 1,793.5
Adjusted operating profit2  113.6 94.3 89.4 102.0 83.6
Adjusted profit before tax2  89.4 67.5 69.8 85.4 64.1
Profit after tax  55.7 53.9 12.5 56.8 34.1
Free cash flow3  88.7 103.2 53.4 80.1 29.8
Basic EPS (pence)  9.6 9.4 2.2 9.8 5.9
Adjusted EPS (pence)  12.3 8.8 9.5 10.4 8.7
Operational net debt4 (193.8) (229.6) (284.9) (293.7) (333.4)
Leverage (times)4  1.1 1.5 1.9 1.9 2.3
ROIC (%)5  10.1% 7.5% 7.1% 7.2% 6.6%

1 -Like-for-like revenue is from continuing operations and excludes the impact of acquisitions, disposals, closures and the effect of foreign currency movements.

2 -Adjusted operating profit and adjusted profit before tax excludes restructuring costs, asset impairments and those additional charges or credits that are considered significant or one-off in nature.

3 -Free cash flow is the amount of cash generated after meeting obligations for interest, tax, pensions and spend on capital expenditure.

4 -Operational net debt excludes IFRS 16 lease liabilities. Leverage is the ratio of operational net debt to adjusted EBITDA per IFRS 16 after covenant adjustments.

5 -Return on invested capital is calculated as adjusted operating profit after tax divided by the average invested capital.