A robust performance, demonstrating the resilience of our business and the strength of our balance sheet, with progress against our strategic goals despite market challenges and unprecedented uncertainty.
Performance
Revenue
£1,748.6m
Why do we measure this?
Revenue growth measures our ability to increase price and/or increase the volume sold.
Performance
Underlying revenue increased by 6.6%, adjusted for constant currency and excluding Counterpoint agency brands. Reported revenue increased by 8.1%.
Adjusted EBIT
£218.4m
Why do we measure this?
Adjusted EBIT measures our underlying profitability excluding any one-off costs.
Performance
Adjusted EBIT increased by 5.9%, adjusted for constant currency and excluding Counterpoint agency brands. Reported adjusted EBIT increased by 6.0%.
Free cash flow
£129.8m
Why do we measure this?
Free cash flow measures the cash we generate to fund payments to our shareholders and acquisitions.
Performance
Free cash flow was £129.8m, with the increase from 2022 primarily driven by the increase in EBITDA.
Profit after tax
£124.0m
Why do we measure this?
Profit after tax is a statutory measure of financial performance which considers adjusted EBIT, interest, taxation and adjusting items.
Performance
Profit after tax decreased by 11.6%, mainly driven by the impact of adjusting items.
Adjusted earnings per share
61.0p
Why do we measure this?
Adjusted earnings per share measures the profit per share of the company and is used by investors to compare our performance of a company against our peers.
Performance
Adjusted EPS increased by 6.5%, due to higher adjusted EBIT. Basic EPS was 48.3p, a decrease of 8.2% mainly driven by the impact of adjusting items.
Dividend per share
30.8p
Why do we measure this?
The dividend per share measure enables shareholders to calculate the amount of profit that we return to them in cash.
Performance
Dividend per share increased 6.2% due to the adjusted EPS increase and maintaining the 50% payout ratio on underlying earnings.
