Annual Report 2024
Key Highlights
- +1.4%like-for-like
net revenue growth1
- 24.5%adjusted
operating margin1
- 34.9%net revenue
from more sustainable products1
1 Adjusted and other non-GAAP measures, definitions and terms are defined on page 223.
Business performance
- -3.0%IFRS
net revenue growth
- 17.1%IFRS
operating margin4
- 349.0pAdjusted
total EPS diluted1
- 203.2pIFRS
total EPS diluted4
- 202.1pFull-year
dividend
- £2.7bnCash
returned to shareholders
- +7.9%Adjusted earnings
per share growth1
- +75%Cash
return to shareholders1
1. Adjusted and other non-GAAP measures, definitions and terms are defined on page 223
2. Since 2015
3. Cumulative since 2020
4. IFRS operating margin and EPS are impacted mainly by an intangible asset impairment charge and restructuring costs, see page 226 for more details
Social and environmental impact
- 69%Reduction in
absolute greenhouse gas (GHG) emissions from operations2
- £34mnSocial impact
investments
- £29mnPeople
positively impacted by our social impact investments (cumulative since 2020)3
1. Adjusted and other non-GAAP measures, definitions and terms are defined on page 223
2. Since 2015
3. Cumulative since 2020
4. IFRS operating margin and EPS are impacted mainly by an intangible asset impairment charge and restructuring costs, see page 226 for more details
Case studies
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Strategic Report
Chair Statement
Chief Executive Statement
Governance Report
Directors' Remuneration Report
Financial Statements




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