Logica Interim Report 2010

16 August 2010


Headlines

  • Orders up 2% to £2,142 million with continued strength in outsourcing orders, driving Group book to bill of 114%
  • Orders up 2% to £2,142 million with continued strength in outsourcing orders, driving Group book to bill of 114%
  • Revenue down 1%
  • Outsourcing Services revenue up 9%
  • Return to growth in Financial Services and IDT
  • Improving trends through the first half in France, Northern & Central Europe and Sweden
  • Second quarter revenue unchanged on last year, underpinning confidence in return to modest growth in the second half
  • Adjusted operating margin in line with last year at 6.7%
  • Operating profit up significantly by £54 million due to reduction in amortisation and no exceptional charges
  • Expected strong second half cash conversion to lead to net debt/EBITDA comfortably below 1.0x at year end
  • Interim dividend to rise to 1.9p, up from 1.0p in 2009, with the dividend payout ratio steadily increasing to at least 40% by 2012

 

All headline numbers relate to pro forma numbers as defined on page 18 on the fully report on PDF.