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The underlying cash generation of the group remains strong and durable, has continued to grow, and is supported in the future by growth in the contract order book.
The balance sheet is robust, reinforced by the resilience built in by our hedging strategies on fuel, foreign exchange and interest costs, and the group has increased financial capacity, secured by the new £615 million credit facility. This provides a solid base for further investment and acquisitions in the future and increased shareholder returns, as demonstrated, in the short term, by the proposed 10 per cent increase in final dividend.
Steve Lonsdale
Group Managing Director - Finance
