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LONDON
STOCK EXCHANGE Nasdaq:RTRSY
Reuters
Group PLC is a global information, news and technology business. The Company
serves the global financial markets and news media with a wide range of
information products and transactional solutions
1 March 2007
Reuters
2006 Preliminary Results PDF
Business
performance* • 2006 revenue of £2,566 million, up 6.5% (6.2% on a
constant currency basis, ahead of company guidance).
Underlying
revenue growth (excluding acquisitions, disposals and currency) of 4.8%
•
Trading profit* of £308 million, down 8%, including a net £77
million invested under Core Plus • Operating profit of £256 million,
up 24%, driven by reduction in restructuring charges • Adjusted earnings
per share* of 17.1p, up 24%
•
Free cash flow* improvement to £225 million (2005: £88 million),
after capital expenditure of £228 million (2005: £178 million)
•
£661 million of cash returned to shareholders during the year via
buybacks and dividends
•
Final dividend of 6.9p, up 12%, bringing full year dividend to 11.0p and
reflecting growing confidence in future business performance Operating
highlights • Core Plus investments on track, including 1.3 percentage points
of revenue growth.
All
four elements –transactions, high value content, enterprise solutions and
new markets – now contributing to growth • Telerate integration delivering
according to plan, with user migrations completed in Europe and Asia •
FXMarketSpace has entered live testing with customers; launch expected
at the end of March
Tom
Glocer, Reuters Chief Executive, said: “In 2006 we achieved our immediate
goal of restarting revenue growth as our Core Plus initiatives outperformed.
We are off to a strong start in 2007, including the recently announced
enterprise agreement with HSBC. I am determined to pursue my twin goals
of growth and simplification under the Core Plus strategy. This will allow
us to deliver strong, sustainable revenue growth and 17-20% trading margins
over the medium term.”
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