Reckitt Benckiser RB delivered what it claims was a solid end to the year with like for like fourth quarter net revenue up by 2% on a constant currency basis, accompanied by volume led growth also of 2%. For the year as a whole like for like net revenue at constant exchange rates was flat thus justifying the claim that the fourth quarter saw a return to growth. Reported net income for the year rose by 88% at constant exchange rates but on an adjusted basis this fell back to 4%, whilst adjusted earnings per share were up by 10%. The final dividend is to be 97.7p per share making a total increase for the year of 7%. For 2018 the target is total like for like revenue growth of 2-3% as RB continues on its journey to becoming a global leader in consumer health care.
Spectris SXS made good strategic progress in broadening its customer offer in 2017 with like for like sales rising by 6% and adjusted operating profit and earnings per share by 8% and 14% respectively. The final dividend is to be increased by 9%.
Fidessa Group FDSA reports a solid performance in transforming markets in the year the 31st December, with adjusted profit before tax rising by 5% on a constant currency basis. The final dividend is to be increased by 5% on top of which there will be a repeat of the previous years special dividend of 50p per share. For 2018 similar levels of constant currency growth are forecast.
Dart Group DTG expects that underlying profit before tax will be materially ahead of current market expectations for the year to the end of March, due to the end of the heavy discounting of the past year, the return of a more normal pricing environment and the continued success of its growing leisure travel business With satisfactory forward bookings, trading for 2019 is expected to be in line with the current year.
BATM Advanced Communications BVC expects that 2017 revenue will be significantly ahead of market expectations at $106m, which represents a year on year rise of 17%. This follows the company’s success in obtaining new customers, new contracts and new territories.