Latest Results

Year ended 31 December 2009

"Senior has delivered a resilient set of results for 2009, with the highlights being the strong cash generation and the £72m reduction in net debt. These results, which were achieved despite the adverse impact that the global economic crisis had on many of the Group's markets, demonstrate the operational and financial strength of the Group. The current year has started ahead of the Board's expectations and, consequently, prospects for 2010, which were previously forecast to be more difficult than in 2009, have improved and the Group's performance for 2010 is now anticipated to be broadly in line with the 2009 outcome."

Martin Clark
Chairman

	2009	2008
Revenue	£540.1m	£562.4m

Operating profit	£61.0m	£59.8m

Profit before taxation	£49.6m	£51.3m

Basic EPS	9.79p	9.92p

Adjusted profit before taxation (1)	£48.0m	£56.0m

Adjusted earnings per share (1)	8.91p	10.63p

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

Free cash flow (2)	£60.1m	£52.4m

Net debt	£102.3m	£174.5m

(1) Adjusted figures are stated before loss on sale of fixed assets of £0.1m (2008 - nil), a £4.6m charge for amortisation of intangible assets acquired on acquisitions (2007 - £4.7m) and an exceptional pension gain of £6.3m (2008 - nil). Adjusted earnings per share takes account of the tax impact of these items.

(2) See Note 11(b) of the 2009 Annual Results Release for derivation of free cash flow.

Download the full text of Senior's 2009 Annual Results Release (PDF).