Five year record

The James Fisher group's financial record ends 31 December.

View the last five year financial overview below:

Earnings per share  2019 (P) 2018 (P) *2017 (p) 2016 (p) 2015 (p)
Basic 73.1 89.5 77.5 79.4 79.7
Diluted 72.7 88.9 76.9 78.7 79.2
Underlying basic 93.2 90.0 79.3 76.9 69.0
Underlying diluted 92.8 89.5 78.7 76.3 68.5
Dividends declared per share 34.7 31.6 28.7 26.2 23.8

 *2017 restated for IFRS 15 ‘Revenue from contracts with customers’ 

Key performance indicators

2019 2018 *2017 2016 2015
Operating margin (%) 10.7 11.0 10.8 10.9 10.4
Return on capital employed (post tax) (%) 11.3 12.2 12.0 13.0 13.5
Net gearing (%) 64.8 37.2 47.7 41.0  43.0
Dividend cover (times) 2.7 2.5 2.7 2.9  2.9

 *2017 restated for IFRS 15 ‘Revenue from contracts with customers’ 

Revenue 2019 (£m) 2018 (£m) *2017 (£m) 2016 (£m) 2015 (£m)
Marine Support  306.1 269.8 229.6 195.9 183.4
Specialist Technical 152.7 159.6 149.6 151.8 129.4
Offshore Oil  90.4 71.4 63.1 62.8 72.6
Tankships 67.9 60.7 57.0 55.5 52.5
 Total 617.1 561.5 499.3 466.0 437.9

  *2017 restated for IFRS 15 ‘Revenue from contracts with customers’ 

Underlying operating profit 2019 2018 *2017 2016 2015
Marine Support 25.1 28.2 25.9 20.8 17.5
Specialist Technical  18.4 20.9 18.8 19.9 13.9
Offshore Oil  13.6 5.9 3.0 4.4 9.2
Tankships  12.0 9.9 8.8 8.2 7.2
Common costs  (2.8) (2.8) (2.4) (2.5) (2.2)
Sub total 66.3 62.1 54.1 50.8 45.6
Net finance costs (7.8) (6.0) (5.5) (5.0) (4.4)
Underlying profit before taxation 58.5 56.1 48.6 45.8 41.2
Separately disclosed items** (10.7) (0.7) (1.3) (0.9) 5.0
Profit before taxation  47.8 55.4 47.3 44.9 46.2
Taxation (including tonnage tax)  (11.1) (10.1) (7.9) (6.8) (5.5)
Profit after taxation 36.7 45.3 39.4 38.1 40.7

 *2017 restated for IFRS 15 ‘Revenue from contracts with customers’ 

** Separately disclosed items comprise acquisition expenses, amortisation or acquired intangibles, impairment provisions and profits and losses on the disposal of businesses. 

 Summary balance sheet 2019 2018 *2017 2016 2015
 Intangible assets 215.2 197.5 199.2  180.5  156.5
 Property, plant and equipment 210.6 145.4 132.5  131.0  127.6
 Right-of-use assets 27.1 - - - -
 Investment in associates and joint ventures 9.9 9.6 9.4  7.8  7.7
 Working capital 106.3 96.3 109.5  86.3  68.1
 Deferred consideration (8.2) (6.0) (12.8)  (9.2)  (14.5)
 Pension obligations (5.8) (16.1) (19.8)  (26.8)  (27.0)
 Taxation (10.7) (6.7) (6.5)  (5.6)  (4.1)
 Capital employed 544.4 420.0 411.5  364.0  314.3
 Net borrowings 203.0 113.6 132.5  105.7  93.9
 Right-of-use liabilities 27.4 - - - -
 Equity 314.0 306.4 279.0  258.3  220.4

   *2017 restated for IFRS 15 ‘Revenue from contracts with customers’ 

Other data

2019 2018 2017 2016 2015

Number of employees

3,292 2,783 2,645 2,712 2,690

Market cap at B/S date (£m)

1019.3  871.6 785.6 782.7 585.9
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