Basic HTML Version
Financial
2011
2010
Change
Revenue
£500.4m
£447.7m
+11.8%
EBITDA
abe
£57.2m
£57.4m
0.0%
Earnings Per Ordinary Share
ce
9.7p
10.8p
-10.2%
Environmental
Fleet Utilisation
83.0%
83.7%
-0.8%
Euro 4/5 Compliance
89.0%
88.0%
+
1.1%
CO
2
Per Loaded Mile
d
1.87kg
1.90kg
-
1.6%
People
Accident/Incident rate (RIDDOR)
0.47
0.53
-11.3%
a We have shown EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) in the key performance indicators, rather than
EAFFC (Earnings After Fleet Financing Costs) that we showed in the prior year, as we believe that investors and other users understand
EBITDA better as it is more widely used.
b Normalised comprising the underlying operating profit of £37.5m (2010: £34.2m) adding back depreciation of £18.1m (2010: £15.7m)
and separately disclosed gains on property assets of £2.0m (2010: £8.2m) and less share based payments of £0.4m (2010: £ 0.7m).
c EPS based on normalised PBT of £34.5m (2010: £36.0m) and allowing for a 28% tax charge.
d We have added a further environmental key performance indicator, CO
2
per loaded mile, which reflects our increased focus on our
environmental impact. This is based on the direct CO
2
usage.
e The 2010 profit and earnings per share figures have been restated following the reclassification of certain property related assets to
continuing operations with the result that EBITDA is now stated after £770,000 of property losses previously treated as discontinued.
8
Chief Executive Officer’s Report
sites into valuable business assets, and recycling often
contaminated land back into use. This division will further
develop its external offering to increase its client base through
improving value to customers and generating growth.
In conclusion, we have set out an ambitious and exciting
strategy to take each part of the Stobart Group to the next
level and make sure each division meets its targets. We see
nothing in the plan that cannot be achieved and look forward
to demonstrating value creation in the near term.
Andrew Tinkler
, Chief Executive Officer
May 2011
Key Performance Indicators