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BAE Systems - profits up

Sir Edward Johns | 23.02.2006 09:37

Despite a ear of protest and action the net effect on BAE Systems has been nil !
Their best year ever with profits well above expectations

Preliminary Results 2005

Results from continuing operations
Sales £15,411m
EBITA3 £1,182m
Operating profit £900m
Underlying earning per share4 22.5p
Basic earnings per share5 18.3p

Other results including discounted operations
Dividend per share 10.3p 9.5p
Cash inflow from operating activities £2,099m
Net debt as defined by the Group £1,277m
Order book6 £59.8bn


Highlights


Delivering US growth strategy

Global land systems business established

Programmes business profitability and risk profile improved

Growth from UK MoD partnered support

European business portfolio restructuring

Strong Airbus order intake

Strong operating cash flow

Underlying earnings per share4 up 29.3% at 22.5p

Dividend increased 8.4% to 10.3p per share for the year

Sir Edward Johns