annual report 2013

Operating an international network of facilities, Bodycote is the world's leading provider of thermal processing services.

Experienced in supporting large multinational customers and their supply chains, as well as local niche specialists, Bodycote provides a vital link in the manufacturing process for virtually every market sector including aerospace and defence, automotive, power generation, oil & gas, construction, medical and transportation.

Financial highlights

	2013
Revenue	£619.6m
Headline operating profit	£107.4m
Headline operating cash flow	£108.9m
Basic headline earnings per share	41.2p
Ordinary dividend per share	13.5p
Special dividend per share	10.0p
Return on capital employed	19.9%

Chairman's statement

"Bodycote has once again delivered value in terms of total shareholder return and remains in a strong financial position."

Chief Executive's review

"In 2013 improvements in business mix, plus the full year effect of the 2012 acquisitions, enabled Bodycote to achieve good growth and strong returns, despite weak markets in the early part of the year."

Strategic report

The Group Strategic report provides a review of the business for the financial year and describes how we manage risks.

The report outlines the developments and performance of the Group during the financial year, the position at the end of the year and discusses the main trends and factors that could affect the future.