Operating margins
Maintain and strengthen margins |
13.1% |
12.9% |
Free cash flow
Maintain strong free cash flow |
£184m |
£154m |
Return on capital employed (ROCE)
Achieve ROCE which exceeds our cost of capital |
19.6% |
18.5% |
Economic profit
Achieve steadily increasing economic profit |
£110m |
£89m |
Gearing – interest cover
Maintain efficient capital structure, with relatively low gearing |
8x |
9x |
Capital expenditure
Keep at or below 4%of revenue |
3.5% |
3.6% |
Retaining people
Senior management retention
Overall employee retention (industry average 81.9%1) |
89%
82% |
91%
82% |
| Carbon footprint – new benchmark |
58,523 tonnes |
not available 2 |