Read our Group 2023 Annual Report and Accounts
Group five-year summary results
As of 31 December
| 2019£m | 2020£m | 2021£m | 2022£m | 2023£m | |
|---|---|---|---|---|---|
| Revenue | 5,052.8 | 5,441.3 | 5,034.5* | 6,470.5 | 6,922.8 |
| Profit before tax | 141.0 | 206.6 | 248.0 | 249.0 | 272.1 |
| Diluted earnings per share (p) | 89.0p | 133.8p | 160.9p | 159.1p | 173.2p |
| Net funds | 20.3 | 51.1 | 95.3 | 117.2 | 343.6 |
| Gross invoiced income | 5,052.8 | 5,441.3 | 6,923.5 | 9,052.2 | 10,081.4 |
| Adjusted operating profit | 151.5 | 206.5 | 262.8 | 269.1 | 271.5 |
| Adjusted profit before tax | 146.3 | 200.5 | 255.6 | 263.7 | 278.0 |
| Adjusted diluted earnings per share (p) | 92.5p | 126.4p | 165.6p | 169.7p | 174.8p |
| Adjusted net funds | 137.1 | 188.6 | 241.4 | 244.3 | 459.0 |
| Dividend per share (p) | 10.1p | 50.7p | 66.3p | 67.9p | 70.0p |
| Return on capital employed % | 42.6 | 46.7 | 52.2 | 42.9 | 55.4 |
*Revenue for the year ended 31 December 2021 has been restated to reflect the change in revenue recognition policies relating to software licences and third-party services agreements resold on a standalone basis following the finalisation of an agenda decision by the IFRS Interpretation Committee
Group five-year balance sheet
As of 31 December
| 2019£m | 2020£m | 2021£m | 2022£m | 2023£m | |
|---|---|---|---|---|---|
| Property, plant and equipment | 101.4 | 107.0 | 90.0 | 94.1 | 96.1 |
| Right-of-use assets | 110.9 | 129.6 | 138.1 | 119.4 | 104.5 |
| Intangible assets | 175.6 | 274.7 | 273.7 | 342.1 | 322.4 |
| Investment in associate | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Deferred tax asset | 9.2 | 10.1 | 30.2 | 11.3 | 11.6 |
| Non-current prepayments | 3.5 | 23.6 | 16.6 | 19.4 | 10.3 |
| Inventories | 122.2 | 211.3 | 341.3 | 417.7 | 216.0 |
| Trade and other receivables (including income tax receivables) | 996.5 | 1,105.8 | 1,263.5 | 1,698.4 | 1,510.6 |
| Prepayments and accrued income | 176.3 | 228.2 | 251.1 | 259.7 | 291.6 |
| Derivative financial instruments | 3.3 | 1.6 | 3.6 | 7.5 | 2.5 |
| Cash and short-term deposits | 217.9 | 309.8 | 285.2 | 275.1 | 471.2 |
| Current liabilities | (1,257.8) | (1,586.2) | (1,763.2) | (2,210.6) | (1,972.3) |
| Non-current liabilities | (166.6) | (184.7) | (185.4) | (161.4) | (136.3) |
| Net assets | 492.5 | 630.9 | 744.8 | 872.0 | 949.4 |