For the first time, the Group has developed a standalone Sustainability Report for 2021. Highlights from the report are set out on pages 50 and 51 and the full report can be accessed at www.originenterprises.com
of the Group's
influenced by advice or
products delivered by
now supplied from
an Origin entity
At a Glance
Chief Executive's Review
Alternative Performance Measures
Key Performance Indicators
› Ireland and the United Kingdom
Board of Directors
Corporate Governance Statement
Nomination and Corporate Governance
Audit and Risk Committee Report
Remuneration Committee Report
Directors and Other Information
Statement of Directors' Responsibilities
Independent auditors' report
Consolidated Income Statement
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes In Equity
Consolidated Statement of Cash Flows
Group Accounting Policies
Notes to the Group Financial Statements
Company Accounting Policies
Company Balance Sheet
Company Statement of Changes in Equity
Notes to the Company Financial Statements
Read about our progress in Continental Europe on pages 44 and 45
Read about Origin Amenity Solutions on page 37
Read about Our Business on page 20
FY21 was an improved year for the Group with solid earnings recovery and continued strong cash generation and reduced net bank debt1.
Group revenue increase of 4.4% to €1,658.4 million, 6.6% on an underlying2 basis.
Operating profit of €61.0 million, an increase of 38.3%, 42.1% on an underlying2 basis.
Group operating margin of 3.7% (2020: 2.8%).
Adjusted diluted earnings per share of 35.50 cent.
Strong cash generation with free cash flow of €49.2 million (2020: €64.3 million).
Net bank debt1 of €14.4 million (2020: €53.2 million).
Before the impact of IFRS 16 leases.
Excluding currency movements and the impact of acquisitions.
Working capital outflow of €4.0 million (2020: Inflow of €30.3 million).
Proposed final dividend of 7.85 cent
per share giving total dividend of 11.00 cent.
Agronomy and Inputs volume growth of 4.9%, pricing improvements of 3.5% and an acquisition contribution of 0.7%, on a constant currency basis.
Acquisition of Green-tech, the UK's leading landscaping, forestry and ground maintenance equipment provider.
Divestment of Pillaert, the Group's Belgian fertiliser business.
Origin Enterprises plc Annual Report and Accounts 2021
+7.2% at constant currency3
Adjusted Diluted EPS2
+44.6% at constant currency3
+44.2% at constant currency3
Free Cash Flow
Dividend per Share
Before amortisation of non-ERP intangible assets and exceptional items, and before the Group's share of profits of associates and joint venture.
Before amortisation of non-ERP intangible assets, net of related deferred tax (2021: €8.6m, 2020: €7.7m) and exceptional items, net of tax (2021: credit of €1.2m, 2020: expense of €5.2m).
Excluding currency movements.
The definition and calculation of ROCE is set out on page 19.
Note: All references to constant currency in this Annual Report are due to the fact that the translation of non-euro denominated earnings are impacted by movements in local currency rates versus the euro, the Group's presentation currency. In order to reflect underlying performance more accurately in the period, the Group calculates results on a constant currency basis by retranslating non-euro denominated current year earnings at prior year exchange rates.
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