Interim Results.
FINANCIAL HIGHLIGHTS
Group revenue up 54% at 2,347m, up 7.2% on a like-for-like basis
Adjusted profit before tax up 25% to 140m
Adjusted EPS up 13% on a reported basis
Free cash flow generated of 136m
Interim dividend of 6.5p per share
Underlying net debt reduced by 87m to 696m (note 12b)
OPERATING HIGHLIGHTS
Strong like-for-like performance in merchanting with sales increase of 10.7%, a market outperformance of 6%
BSS integration programme progressing well
Synergy programme on track with a 15m benefit expected in 2011
BSS operating margin before synergies increased to 4.3%
Retail like-for-like sales increase of 0.3%, an organic market out performance of 3.6%
Acquisition of 13 ex-Focus sites for 8m