* Return on Capital Employed is calculated as adjusted operating profit divided by average capital employed where capital employed is equity less goodwill less net funds.
Commenting on the Interim Results, Nick Taylor, Chief Executive said:
“ Waterman continues to deliver a consistent performance in more challenging markets than experienced in recent years. The UK markets remain at the heart of our business, generating 87% of Group revenue.”
“ The Board’s focus is to continue to increase dividends payable to shareholders consistent with the cash generative nature of our business and I am pleased to report a 33% increase in the interim dividend per share to 1.6p.”
“ The Board remains committed to its aspiration to increase the Group’s adjusted operating profit margin towards 6.0% by June 2019 from the current level of 4.1%.”
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