About us Our approach Investors Sustainability Careers Contact us Search Share Financial summary Delivering sustainable growth and shareholder value 10 year financial history We have an excellent track record, delivering a consistently strong financial performance, achieving underlying revenue growth of 7% (excluding 2017 acquisitions) and an 11% dividend CAGR over the last 10 years. 2020 2019 2018 2017 2016 Revenue £1,193.4m £1,242.4m £1,153.3m £998.7m £757.4m Operating profit £249.0m £245.0m £299.1m £198.9m £174.1m Adjusted operating profit* £270.4m £282.7m £264.9m £235.5m £180.6m Adjusted operating profit margin 22.7% 22.8% 23.0% 23.6% 23.8% Profit before taxation £240.1m £236.8m £288.8m £192.5m £171.4m Adjusted profit before taxation* £261.5m £274.5m £254.6m £229.1m £177.9m Profit after taxation £173.9m £167.0m £223.4m £157.9m £121.3m Adjusted cash from operations £275.8m £238.1m £242.9m £203.8m £185.0m Cash conversion 102.0% 84.2% 91.7% 86.5% 102.4% Capital expenditure††† to sales 4.2% 5.0% 3.8% 3.8% 5.7% Basic earnings per share 235.5p 226.2p 303.1p 214.4p 165.0p Adjusted earnings per share* 256.6p 265.7p 250.0p 220.5p 171.5p Dividends in respect of the year £87.0m £81.1m £73.6m £64.4m £55.8m Dividends in respect of the year (per share) 118.0p 110.0p 100.0p 87.5p 76.0p Special dividend per share - – – – – Net assets £856.0m £826.3m £766.9m £609.5m £524.4m Return on capital employed* ˄ ᶧᶧ 48.7% 52.5% 51.6% 49.8% 44.8% Return on invested capital* ᶧᶧ 17.7% 19.0% 19.3% 22.6% 28.7% 2015 2014 2013 2012ᶧ 2011 Revenue £667.2m £678.3m £689.4m £661.7m £650.0m Operating profit £142.8m £148.1m £147.0m £125.7m £129.5m Adjusted operating profit* £152.4m £153.0m £151.6m £136.2m £134.0m Adjusted operating profit margin 22.8% 22.5% 22.0% 20.6% 20.6% Profit before taxation £139.7m £144.8m £145.7m £124.1m £132.3m Adjusted profit before taxation* £151.1m £151.1m £151.1m £134.9m £137.2m Profit after taxation £96.7m £100.6m £102.3m £87.6m £93.2m Adjusted cash from operations £146.2m £131.5m £143.0m £129.8m £76.3m Cash conversion 95.9% 85.9% 94.3% 95.3% 56.9% Capital expenditure††† to sales 5.0% 5.0% 4.3% 5.2% 7.1% Basic earnings per share 129.9p 132.8p 133.4p 112.2p 120.0p Adjusted earnings per share* 142.6p 140.4p 138.8p 122.2p 124.8p Dividends in respect of the year £50.6m £139.9m £44.5m £119.5m £38.1m Dividends in respect of the year (per share) 69.0p 64.5p 59.0p 53.0p 49.0p Special dividend per share – 120.0p – 100.0p – Net assets £398.3m £441.9m £403.5m £436.5m £400.1m Return on capital employed* ˄ ᶧᶧ 41.1% 41.4% 41.8% 37.6% 39.7% Return on invested capital* ᶧᶧ 27.1% 27.4% 27.6% 24.8% 25.7% * All profit measures exclude certain items as set out and explained in Note 2 to the Financial Statements. † The results for 2012 were restated to reflect IAS 19(R), prior years have not been restated. ^ The results for 2011 to 2019 have been restated to incorporate the impact of including capitalised software and development costs within capital employed. †† The results for 2019 and 2020 exclude the impacts of IFRS 16, which was adopted in 2019. ††† Capital expenditure excludes IFRS 16 lease repayments. Quick Links Terms of use Cookie notice Cookie settings Accessibility Modern Slavery Act Statement 2021 2020 Annual Report View Spirax-Sarco Engineering plc’s Annual Report for the year ended 31st December 2020. Download Annual Report here Links to subsidiaries Spirax Sarco Gestra Chromalox Thermocoax Watson-Marlow Sign up for alerts Register to stay updated with regulatory news announcements and other investor notices Sign up Contact Us Tel: +44(0)1242 521361 Spirax-Sarco Engineering plc Contact us Footer Privacy Site map Copyright © 2021 Delivered by Investis Digital