- Spain
- North America
- UK Bus
- UK Coach
- NXEA
Growth in underlying revenue from continuing operations. The Group seeks to deliver selective revenue growth in its businesses, where this adds value.
Measuring successKey performance indicators
The Group is managed using a set of key performance indicators (“KPIs”) that monitor delivery of performance improvement and ensure that capital is allocated in a disciplined way to support our longer term objectives.
Underlying revenue growth in 2010
%
Return on capital employed
%
The Group is targeting to achieve a 15% pre-tax return on capital (the ratio of normalised operating profit to the assets used in the business).
Normalised profit before tax
£m
A significant portion of the Group’s funding is provided through debt and consequently the Group aims to maximise profit after debt financing cost. Normalised profit before tax is used to measure our performance.
Normalised basic earnings per share
pence
The main aim of the Group is to maximise long- term shareholder value. Earnings per share (“EPS”) measures our progress in delivering profit to our shareholders.
Operating cash generation
%
A key objective of the Group is to maximise cash flow in order to generate funds for investment and shareholder dividends.
Debt gearing ratio
Debt gearing is a key indicator of a company’s indebtedness driving towards a lower ratio. The debt gearing ratio of net debt to EBITDA is used to evaluate the capital structure of the Group, as well as ensure compliance with banking covenants.
