Five Year Summary

DS Smith Group Plc, continuing operations

Table showing a Five Year Summary
Continuing operations £m

2014 £m

2015 £m

2016 £m

2017 £m

2018  £m

Revenue 4,035 3,820 4,066 4,781 5,765
Adjusted operating profit1
307 335 379 443 530
Amortisation (51) (46) (51) (65) (93)
Share of profit/(loss) of equity-accounted investments before exceptional items, net of tax - - (1) 3 5
Net financing costs (48) (38) (47) (55) (62)
Profit before income tax 208 251 280 326 380
Acquisition related costs (46) (4) (9)  (7) (29)
Total pre-tax adjusting items 5 (47) (78)  (62) (76)
Adjusted earnings per share1
21.4p 24.5p 27.4p 32.5p 35.5p
Dividends per share 10.0p 11.5p 12.8p 15,2p 14.7p
Adjusted return on sales1
7.6% 8.8% 9.3% 9.3% 9.2%
Return on average capital
employed1,2,3
13.0% 14.6% 15.4% 14.9% 14.1%
  1. Ajusted to exclude amortisation and adjusting items.
  2. Adjusted return on average capital employed is defined as operating profit before amortisation and adjusting items divided by average capital employed.
  3. Average capital employed is the average monthly capital employed for the last 12 months. Capital employed is made up of property, plant and equipment, goodwill and intangible assets, working capital, capital debtors/creditors, provisions, biological assets and assets/liabilities held for sale. The definition of capital employed is different from the definition of managed capital as defined in note 20 to the consolidated financial statements, which consists of equity as presented in the consolidated statement of financial position, plus net debt.