Half year results 2018

Highlights

• Good progress on executing the new strategy.
• Balance sheet strengthened: completed £701m rights issue and £416m expected proceeds from disposals.
• On track to realise £70m cost savings in 2018 and £175m by 2020.
• First investment decisions made to strengthen business.
• 2018 half year results are in line with expectations.
• Half year order intake £921m and order book £7.7bn at 30 June 2018.
• 2018 full year guidance unchanged, before adjustment for planned disposals.
• 2020 targets unchanged.

Investor presentation

A presentation for institutional investors and analysts hosted by Jon Lewis and Nick Greatorex will be held today, starting at 08.00. The presentation will be webcast live and subsequently available on demand. Access the webcast.