M
Managing for Value
The process which supports the achievement of our strategy. In 1997 we made our public commitment to this process and set clear financial objectives for 1997 through to 2000.
These were: to grow earnings per share by at least 10% per annum; to generate at least £150 million of free cash flow; whilst accepting that it was not totally within our control, striving to double total shareowner return every four years. While our earnings per share and total shareowner return objectives remain the same for 2001-2005, we have increased the free cash flow target to £300 million per year.
Mint
Mint
N
NGO
Non-Government Organisation.
O
Operating asset turnover
Turnover divided by Average operating assets.
Operating profit
Excludes major restructuring costs, goodwill amortisation, operating profit on associates and exceptional items.