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[February 2006]
Hanson Preliminary Results
In announcing its preliminary 2005 results, Hanson PLC reported group turnover up 9.8% to £3.7157 billion, operating profits before impairments up 15.4% to £488.8 million, profit before taxation up 23.6% to £347.3 million and profits for the year up 46.7% to £387.6 million. The dividend per share (interim paid; final recommended) rose from 18.15p to 20p.
Alan Murray, Chief Executive, said: "I am very pleased with the performance we have delivered in 2005. We have achieved double digit earnings growth, with operating profit before impairments growing from £423.4 million to £488.8 million. We have completed eleven acquisitions for a cash cost of £342.9 million and we have increased our returns to shareholders".
The acquisitions completed during 2005 included both Thermalite and Marshalls Clay Products in the UK.
Hanson said that capital expenditure in the UK had included kiln refurbishment, plant automation and information technology projects.
Regarding group-wide operating outlook, Hanson said that demand in the USA was expected to remain strong but may decline in the UK and Australia. The increase in energy costs incurred in the latter part of 2005 will impact on the annual cost base in 2006, despite Hanson's cost reduction initiatives.
Hanson said it would work closely with its customers to deliver premium products and services while remaining disciplined on selling prices. It expects to make further progress during 2006 based on strong market positions, value adding acquisition opportunities and continued financial discipline.
www.hanson.biz
ENDS