Key Ratios
Return Ratios
| Year ending 31 December | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| ROACE* | 13.0% | 12.9% | 13.6% | 14.4% | 14.2% |
| ROAE* | 15.7% | 16.5% | 17.5% | 18.6% | 18.0% |
| CFROI | 10.9% | 12.8% | 11.3% | 9.1% | 12.6% |
Financial Covenants
| Year ending 31 December | 2017 Times | 2016 Times | 2015 Times | 2014 Times | 2013 Times |
|---|---|---|---|---|---|
| Net Debt : EBITDA** | 1.4 | 1.5 | 1.9 | 1.6 | 1.5 |
| EBITDA : Net Interest** | 16.2 | 14.0 | 17.3 | 17.2 | 13.3 |
* Before before brand related intangible asset amortisation and non-trading items (net of related tax)
** Calculated in accordance with lenders' facility agreements