Return on Capital Employed (ROCE)
Return on capital employed decreased by 1.7 percentage points during the year, from 20.7% to 19.0%.
Headline operating profit decreased by 8.1% from £111.1m to £102.1m, while average
capital employed increased by 0.1% to £538.4m.
Headline operating profit as a percentage of the average of opening and closing capital
employed as adjusted for certain items of goodwill written off.
Capital employed is defined as net assets adjusted for net cash / (debt).
Headline earnings per share
Headline earnings per share decreased by 4.3 pence during the year, from 43.8 pence to
Headline earnings decreased by 10.1% from £83.4m to £75.0m, while the average number
of shares in issue remained static.
Headline earnings per share is defined in note 10 to the Group financial statements.
Return on Sales (ROS)
Return on sales decreased by 0.2 percentage points during the year, from 18.2% to 18.0%.
Headline operating profit decreased by 8.1% from £111.1m to £102.1m, while revenue
decreased by 6.9% from £609.1m to £567.2m.
Headline operating profit as a percentage of revenue.
Headline operating cash flow
Headline operating cash flow for the Group was £81.6m (2014: £100.0m). This was 80% of
headline operating profit (2014: 90%).
Operating cash flow stated before cash flow relating to restructuring of £8.4m (2014:
£3.0m) and acquisition costs of £nil (2014: £0.2m).
Bodycote works tirelessly to reduce workplace accidents and is committed to providing a
safe environment for everyone who works at or visits our locations. The accident frequency
rate has decreased to 1.5 in the year (2014: 1.7). Further details are included in the
Corporate responsibility and sustainability section on page 32.
Accident frequency is defined as the number of lost time accidents 5 200,000 hours
(approximately 100 man years), divided by the total number of employee hours worked.
(tonne CO2e/£m sales)
On a normalised basis, the carbon footprint decreased by 1.0% from 628.2 tonnes per
£m sales to 621.9 tonnes per £m sales. Further details are included in the Corporate
responsibility and sustainability section on page 34.
Carbon footprint is defined as tonnes of CO2 equivalent emissions divided by £m revenue.
CO2 equivalent emissions are calculated by taking electricity and gas usage in kilowatt
hours and multiplying by country specific conversion factors provided by DEFRA
(Department for Environment, Food & Rural Affairs). Normalised emissions statistics restate
prior year figures using current year country specific conversion factors and current year
average exchange rates.