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  "documentTitle": "Melrose | Results Presentation Deck | 37 slides",
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  "authorName": "Melrose Industries PLC",
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  "presentationDate": "2023-03-01 00:00:00",
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      "text": "Melrose traded ahead of expectations in 2022 on sales growth, profit and cash generation\nThe Group recorded an adjusted¹ earnings per share of 7.0 pence (2021: 3.1 pence), 126% higher than last year. The statutory loss per share was 5.4 pence (2021: 10.3 pence)\nCash generation exceeded expectations, with a particularly strong second half performance, and therefore Group net debt¹ of £1.14 billion was lower than expected\nThe timetable for the demerger of the Dowlais Group³ is on track, with completion expected on 20 April 2023, subject to shareholder approval on 30 March 2023. Documents are expected to be published for this tomorrow\nMelrose will hold an Investor Event for Aerospace on Wednesday 17 May in London\nA second interim dividend of 1.5 pence (50% increase on last year's final dividend) will be paid on 18 April just prior to the proposed demerger. This will replace the final dividend which would normally be approved at the 2023 AGM. The total full year dividend for 2022 is 2.325 pence (33% increase on last year)",
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      "text": "1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance\n2. Restated following the disposal of Ergotron\n3. Comprises the Automotive, Powder Metallurgy and Hydrogen businesses",
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      "text": "Adjusted¹ results\n2022 £m\n2021² £m\nStatutory results\n2022 £m\n2021² £m\nContinuing operations\nRevenue\n8,191\n7,263\n7,537\n6,650\nOperating profit/(loss)\n480\n317\n(236)\n(493)\nProfit/(loss) before tax\n384\n194\n(307)\n(660)\nDiluted earnings per share\n7.0p\n3.1p\n(5.4)p\n(10.3)p\nNet debt¹\n1,139\n950\nn/a\nn/a\nLeverage¹\n1.4x\n1.3x\nn/a\nn/a\nDividend\n2.325p\n1.75p\nn/a\nn/a",
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