2012 Full Year Highlights
Good trading performance, confident of continued progress
- Another year of profit growth, PBTA up 10.7% on a constant currency basis
- Growth in underlying sales and margin improvement sustained; enabled by strong niche market positions
- Invested £19.5m to accelerate future growth whilst continuing to reduce gearing
- Earnings per share up 5%, full year dividend increased by 14% to 2.4p (2.6x cover)
- Actions taken to reduce losses in the Yarns business, £11.2m provided for asset impairment
- Confident of further progress underpinned by recent investments and increased focus outside of Europe