Babcock International Group plc announced that it is recommending a final dividend of 20.0 pence per share. This will give a total dividend for the year of 26.3 pence per share, an increase of 16%. The dividend will be paid on 8 August 2013 to shareholders on the register at close of business on 5 July 2013. The company reported consolidated earnings results for the year ended March 31, 2013. For the period, the company's total revenue was £3,243.5 million against £3,070.4 million a year ago. Group operating profit was £234.5 million against £202.0 million a year ago. Operating profit before amortisation of acquired intangibles and exceptional items was £336.4 million against £301.2 million a year ago. Underlying operating profit was £376.6 million against £329.0 million a year ago. Profit before tax was £224.6 million against £173.0 million a year ago. Profit from continuing operations was £196.3 million or 52.4 pence per diluted share against £157.2 million or 42.8 pence per diluted share a year ago. Profit attributable to owners of the parent was £175.2 million or 48.2 pence per diluted share against £100.8 million or 28.0 pence per diluted share a year ago. Net cash flows from operating activities were £217.1 million against £195.6 million a year ago. Purchases of property, plant and equipment were amounted to £52.7 million against £42.7 million a year ago. Purchases of intangible assets were amounted to £6.6 million against £6.0 million a year ago. Net debt as on March 31, 2013 was £550.6 million compared to £641.1 million as at March 31, 2012. Underlying profit before tax was £317.8 million against £274.1 million a year ago. Underlying basic earnings per share was 71.3 pence against 61.5 pence a year ago. Underlying continuing and discontinued operations basic earnings per share was 71.5 pence against 64.3 pence a year ago. For the coming year, the company expects net debt EBITDA to be around about the 1.3-ish times by March '14. It expects CapEx to stay reasonably high so around 1.5x depreciation for CapEx in financial year '14. The company expects tax of GBP 50 million to GBP 55 million, perhaps a little north of that in the fiscal year 2014.

Babcock International Group plc, 2013 Earnings Call, May 14, 2013

Babcock International Group plc, 2013 Sales/ Trading Statement Call, Apr 03, 2013