Sales up 10% to €1.79bn. Trading profit up 14% to €122.8m. Group trading margin of 6.9%, an increase of 30bps. Underlying trading margin before the impact of acquisitions increased by 40bps. Basic EPS up 18% to 51.7 cent. Final dividend per share of 8.5 cent. Total dividend for the year up 14% to 14.0 cent (2012: 12.25 cent). A decrease in net debt to €107.6m (2012: €165.5m). Net debt to EBITDA of 0.66x (2012: 1.12x). Increase in ROCE by 160bps to 12.3% (2012:10.7%).
Insulated Panels sales up 23% and trading profit up 23%, with significant contributions from the ThyssenKrupp Construction and Rigidal Industries LLC acquisitions. Underlying sales pre-currency and acquisitions were up 2%.
Solid performance in Insulation Boards where sales were down 3% (flat pre-currency),…