Record Revenue and Profit Growth
Achieved record revenue and profit for the 22nd consecutive year. Revenue increased by 11% and EBIT by 15%, with a margin increase of 80 basis points to 21.6%.
Strong Cash Conversion and Dividend Growth
Cash conversion was at 112%, well above the 90% target, and this financial performance supports a 46th consecutive year of dividend growth with an increase of 7%.
Significant Growth in Environmental & Analysis Sector
The Environmental & Analysis sector showed impressive performance with 18% reported growth and 19% organic growth, driven by exceptional growth in Photonics and recovery in spectroscopy markets.
Successful M&A Strategy
Completed 7 acquisitions during the year, contributing 3.5% of profit, with a healthy pipeline of potential acquisitions across all sectors.
Strong Performance in Safety Sector
The Safety sector delivered strong revenue growth of 8% organically, with a double-digit increase in profit and a margin increase of 90 basis points to 24.2%.
Resilient Healthcare Sector
Healthcare sector showed improvement in the second half of the year with all subsectors delivering organic revenue and profit growth.