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Highlights of 2008

Strong growth in profits* and earnings*
Average net cash in the year of £239m
Order book of £12.8bn at year-end
Recent acquisitions performing well
Dividend increase of 11%

* Before exceptional items and amortisation, and including the pre-exceptional results of discontinued operations in adjusted earnings per share in 2007.

Group trading performance

Results for the year 2008 2007 Percentage
Increase
Revenue including joint ventures and associates* £9,486m £7,488m +27%
Group revenue* £8,261m £6,466m +28%
Pre-tax profit from continuing operations
– before exceptional items and amortisation £249m £201m +24%
– after exceptional items and amortisation £270m £157m +72%
Earnings per share
– adjusted** 35.9p 35.0p +14%
–basic 42.9p 35.1p +22%

* Continuing operations.

** Before exceptional items and amortisation of intangible assets, and including the pre-exceptional results of discontinued operations in 2007.



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