ANNUAL REPORT

anD FINANCIAL

STATEMENTS

for the year ended 31 March 2017

Highlights

+30%
Revenue up 30% to £2 749m; up 15% compared to pro forma FY16 revenue including Al Noor (£2 391m)
+17%
UNDERLYING EBITDA up 17% to £501m; underlying EBITDA margin decreased to 18.2% from 20.4%
+26%
Operating profit up 26% to £362m
-19%
Underlying earnings per share down 19% to 29.8 pence
+15%
in constant currency, revenue increased by 15%
+3%
in constant currency, underlying EBITDA increased by 3%
101%
CASH FLOW conversion at 101% of underlying EBITDA
7.90 pence
Total dividend of 7.90 pence per share; in line with dividend policy

“I firmly believe that we have the right strategy and people in place to enable us to consistently grow in the future as we have done over so many years.”

Dr Edwin Hertzog

Non-executive Chairman