Return on Capital Employed (ROCE)
Return on capital employed increased by 6.8 percentage points during the year, from 10.1% to 16.9%.
Headline operating profit increased by 64.1% from £52.1m to £85.5m, while average capital employed
reduced by 2.5% to £505.2m.
Headline operating profit as a percentage of average capital employed from continuing operations.
Capital employed is defined as net assets minus / plus net cash / (debt).
Headline earnings per share
Headline earnings per share increased by 14.4 pence during the year, from 18.3 pence to 32.7 pence.
Headline earnings increased by 78.8% from £34.0m to £60.8m, 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 increased by 4.6 percentage points during the year, from 10.4% to 15.0%. Headline
operating profit increased by 64.1% from £52.1m to £85.5m, while revenue from continuing operations
increased by 14.2% from £499.8m to £570.7m.
Headline operating profit as a percentage of revenue from continuing operations.
ISO 14001 accredited facilities
Reducing the environmental impact of the Group’s activities is taken very seriously. Compliance with
the requirements of ISO 14001 helps minimise the risk of adverse environmental effects at Bodycote
locations. At the end of 2011, 81% of our plants had ISO 14001 accreditation – 139 plants out of a total
of 171 (2010: 140 out of 173).
The number of ISO 14001 accredited facilities divided by the total number of operating facilities x 100.
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 was
reduced to 1.7 (2010: 1.8).
Accident frequency – the number of lost time accidents x 200,000 hours (approximately 100 man
years), divided by the total hours worked.