Our performance

Return on Capital Employed (ROCE)

Performance

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.

Definition

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

Performance

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.

Definition

Headline earnings per share is defined in note 10 to the Group financial statements.


Return on Sales (ROS)

Performance

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.

Definition

Headline operating profit as a percentage of revenue from continuing operations.


ISO 14001 accredited facilities

Performance

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).

Definition

The number of ISO 14001 accredited facilities divided by the total number of operating facilities x 100.


Accident frequency

Performance

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).

Definition

Accident frequency – the number of lost time accidents x 200,000 hours (approximately 100 man years), divided by the total hours worked.