"The Group finished the year on a more positive note and saw the benefit during 2016 of its exposure to multiple markets. We had an active year on the development front with the opening of seven new Selco branches, the completion of two bolt-on acquisitions in the UK and we agreed to acquire Gunters en Meuser in the Netherlands. A strong balance sheet and excellent cash generation from operations support these developments and our ongoing strategic initiatives." – Gavin Slark (13 January 2017)

  2015 2014 2013 2012 2011
Results (£'m)          
Revenue 2,212.0 2,081.7 1,899.8 1,760.8 1,782.5
           
Operating profit 128.2 110.1 80.0 37.9 19.7
Finance (expense)/ income (net) (7.9) (8.9) (12.3) (12.9) (10.8)
Profit before tax 120.3 101.2 67.7 25.0 8.9
Taxation (23.8) (21.2) (5.6) 6.6 (6.7)
Profit after tax 96.5 80.0 62.1 31.6 2.2
           
Cashflow          
Cash generated from operations 139.3 160.0 95.3 85.7 84.1
           
Balance Sheets (£'m)          
Capital employed          
Goodwill and intangibles 554.2 485.9 481.0 476.2 474.9
Property, plant and equipment 430.1 423.4 413.4 458.3 471.9
Financial assets 0.1 0.1 0.1 0.2 0.1
Net current assets * 149.6 112.8 136.5 133.7 121.2
Other net non-current liabilities (31.4) (40.6) (23.0) (85.9) (58.4)
  1,102.6 981.6 1,008.0 982.5 1,009.7
           
Financed as follows:          
Shareholders' equity 985.7 902.3 870.3 813.5 821.0
Non-controlling interest 3.3 4.0 4.0 4.1 -
Net debt/(cash) 113.6 75.3 133.7 164.9 188.7
  1,102.6 981.6 1,008.0 982.5 1,009.7
           
Performance Ratios          
Net debt to shareholders' equity (%) 12% 8% 15% 20% 23%
Current liabilities to current assets (%) 58% 62% 62% 64% 68%
Net finance cost cover on EBITDA (times) 20.5 16.1 8.8 8.7 7.9
           
Per ordinary share (£ pence)          
Basic EPS 41.6 34.4 26.8 13.6 0.9
Adjusted EPS ** 41.0 34.4 22.3 15.1 13.4
Dividend/share purchase per share 12.5 10.75 8.5 7.0 6.5
Net assets per share 419.0 387.9 374.4 350.6 354.1
Dividend/share purchase cover (times) 3.3 3.2 2.6 2.2 2.1

*Excluding net debt/(cash)
**Before defined benefit pension scheme past service credit of £2.95 million and an asset impairment charge of £1.52 million in the Belgium business in 2015; before pension credit and property impairment in 2013 and before restructuring costs and intangible amortisation in 2012 and before onerous lease provision, impairment and restructuring costs in 2011.