Latest Results

Year ended 31 December 2008

"The Group has delivered an excellent set of results for 2008, with adjusted profit before tax 48% ahead of the prior year and free cash flow nearly three times the level achieved in 2007. This strong foundation, combined with the successful long-term refinancing of the Group undertaken during 2008, means Senior is well placed to deal with the uncertainty being seen in markets across the world today."

Martin Clark
Chairman

	2008	2007
Revenue from continuing operations	£562.4m	£470.7m

Operating profit from continuing operations	£59.8m	£41.5m

Profit before taxation from continuing operations	£51.3m	£34.3m

Basic EPS from continuing operations	9.92p	7.17p

Adjusted profit before taxation (1)	£56.0m	£37.8m

Adjusted earnings per share (1)	10.63p	7.71p

Total dividends (paid and proposed) per share	2.60p	2.40p

Free cash flow (2)	£52.4m	£18.5m

Net borrowings	£174.5m	£94.8m

(1) Adjusted figures are stated before loss on sale of fixed assets of £nil (2007 - £0.7m), a £4.7m charge for amortisation of intangible assets acquired on acquisitions (2007 - £3.3m) and the release of a provision set up on a previous acquisition of £nil (2007 - £0.5m). Adjusted earnings per share takes account of the tax impact of these items.

(2) See Note 9(b) of the 2008 Annual Results Release for derivation of free cash flow.

Download the full text of Senior's 2008 Annual Results Release (PDF).