Continuing operations(1) operating profit(2) £250 million
Continuing operations margin 5.9%

          • Production Management(3) 4.2% (2002 2.1%)
          • Energy Management 8.3% (2002 10.1%)
          • Development 6.9% (2002 6.0%)

Restructuring charges 2.4% of sales
Operating cash flow £433 million

          • Free cash flow £87 million
Disposals proceeds £1.6 billion for the year and £1.8 billion in total
          • Net debt reduced from £3.0 billion to £1.6 billion


download this section as a pdf [24 KB]
Results Overview  

(1) Production Management, Energy Management & Development Division
(2) All references to operating profit throughout are stated before
exceptional items, goodwill amortisation and goodwill impairment
(3) Production Management excluding Baan
(4) CER = constant exchange rates