Latest Results

  • Underlying revenue £13.4bn (FY 2014: £13.9bn), down 1% at constant exchange rates
  • Underlying profit before tax £1,432m (FY 2014: £1,620m), down 12% at constant exchange rates
    • £1,355m before one-off items (see page 4) in line with lower half of 2015 guidance range
  • Restructuring programmes started prior to November 2015 continue to make good progress:
    • £145m of annualised cost savings expected by end 2017
  • Final payment to shareholders reduced by 50% to 7.1 pence per share (2014 final: 14.1 pence)
  • Trading outlook for 2016 unchanged
  • 4% growth in order book underpins confidence in strong market share growth for Civil Aerospace