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BAE Systems Haly Yearly Results
Posted: July 31st, 2019, 7:18 am
by idpickering
Financial performance measures as defined by the Group1
- Order backlog of £47.4bn has reduced marginally over the first half of the year with trading on multi-year, long-term contracts in Air partly offset by further growth in the US businesses.
- Sales increased by 4% on a constant currency basis6 to £9.4bn.
- Underlying EBITA of £999m increased by 9% on a constant currency basis6 and excluding the estimated impact of IFRS 16.
- Underlying earnings per share increased by 11% to 21.9p, excluding the one-off tax benefit. The Group's underlying effective tax rate (excluding the one-off tax benefit) for the first half of the year was 17%, consistent with the prior year.
- Operating business cash outflow of £309m.
- Net debt at £1.9bn (£904m at 31 December 2018).
And later;
Pension and dividend
- The Group's share of the pre-tax accounting net pension deficit increased to £4.3bn (31 December 2018 £3.9bn). The funding position is currently estimated to be approximately £2.0bn lower than the accounting position.
- Interim dividend increased by 4.4% to 9.4p per share.
https://www.investegate.co.uk/bae-syste ... 00112759H/
Re: BAE Systems Haly Yearly Results
Posted: July 31st, 2019, 8:05 am
by granretire
The directors have declared an interim dividend of 9.4p per ordinary share (2018 9.0p), totalling approximately £301m (2018 £288m). The dividend will be paid on 2 December 2019 to shareholders registered on 18 October 2019. The ex-dividend date is 17 October 2019.
Re: BAE Systems Haly Yearly Results
Posted: July 31st, 2019, 8:14 am
by funduffer
This is a healthy increase.
For the 5 years I have held BA. the dividend CAGR is about 2%, so an above-inflation rise of 4.4% is most welcome.
BA. is a good old 'steady eddy' to have in your HYP, if you can stomach the business they are in.
FD
Re: BAE Systems Haly Yearly Results
Posted: July 31st, 2019, 8:18 am
by idpickering
funduffer wrote:This is a healthy increase.
For the 5 years I have held BA. the dividend CAGR is about 2%, so an above-inflation rise of 4.4% is most welcome.
BA. is a good old 'steady eddy' to have in your HYP, if you can stomach the business they are in.
FD
I agree with your comments. Handy for added diversification for an HYP too. I've held since 15 Oct 2009.
Ian.
Re: BAE Systems Haly Yearly Results
Posted: July 31st, 2019, 2:39 pm
by 88V8
funduffer wrote:This is a healthy increase.
Appropriate, as this new word Ian has introduced apparently means Health Adjusted Life Year.
I tinkered BAE for CGT purposes a couple of years ago, and the pension overhang deters me from reinvesting.
V8