Transforming ITV

ITV PLC - Annual Report and Accounts for the year ended 31 December 2011
ITV PLC - Annual Report and Accounts for the year ended 31 December 2011

Highlights

Group external revenues

£2,140m

up 4% driven by non-NAR

Non-NAR revenues

£922m

up 11%

EBITA before exceptionals

£462m

up 13%

Adjusted profit before tax

£398m

up 24%

Adjusted EPS

7.9p

up 23%

Net cash/(debt)

£45m

positive net cash

Financial Highlights

2012 and beyond

We are less than two years into our five-year Transformation Plan and there is still much to do but we have made good progress and are building momentum

View 2012 and beyond

Responsibility

During 2011, our responsibility strategy has been revised to align to the Transformation Plan and our four strategic priorities, and to contribute towards long-term industry sustainability

View Responsibility

Chairman's Statement

Archie Norman

Archie Norman

Our emphasis remains on growing sustainable shareholder value

Nearly two years ago, after far reaching changes to the Board and leadership of ITV, we outlined a new five year Transformation Plan. The purpose of the plan was to improve the performance of the core UK television broadcast business whilst growing revenues from international content and multi-platform distribution.

Chairman's Statement

Chief Executive's Review

Adam Crozier

Adam Crozier

ITV has produced a strong set of financial results

ITV has produced a strong set of financial results with continued growth in revenue and profitability and further improvement in our balance sheet strength. This was achieved against an unsettled economic backdrop. External revenues were up 4% at £2,140 million in a broadly flat television advertising market.

Chief Executive's Review

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