2008 summary

Rexam PLC

Rexam is a leading global consumer packaging company.

Consumer packaging is an integral part of modern living – our lifestyles would be very different without it. It protects and preserves. It enables efficient distribution. It helps brand owners to promote their goods and to inform their consumers.

Rexam offers a broad range of packaging products and solutions, using a variety of materials and technologies. This has made us sought after business partners for many of the world’s most famous and successful consumer brands as well as young, entrepreneurial start ups.

Our packaging is often key to maintaining and reinforcing our customers’ reputation and values. It plays a major role in their positioning strategies, helping to shape their consumers’ brand experiences.

We are continually seeking innovative ways to design more effective packaging and manufacture it more efficiently. This helps us to keep the materials, energy and water we use to a minimum, reducing the environmental impact throughout the supply chain and the lifecycle of the packaging.

Also, we fully support measures to increase the amount of used packaging that is recovered and recycled. Naturally, there are good environmental reasons for this but there are compelling commercial ones too. Packaging is a cost in the supply chain so there is a huge incentive to keep it to a minimum.

Underlying business performance1 2008 2007
Change %
Continuing operations2    
Sales £4,618m £3,611m +28
Underlying operating profit £466m £354m +32
Underlying profit before tax £328m £245m +34
Underlying earnings per share 35.3p 28.0p +26
       
Dividends proposed and paid per share 21.0p 20.0p +5
Statutory results3 2008 2007
Change %
  1. Underlying business performance is continuing operations before exceptional items, the amortisation of certain acquired intangible assets and fair value changes on financing derivatives.
  2. Continuing operations include ongoing operations and businesses that have been disposed or are held for sale in either 2008 or 2007 but exclude discontinued operations.
  3. Statutory results profits and earnings include exceptional items, the amortisation of certain acquired intangible assets, fair value changes on financing derivatives and discontinued operations.
Continuing operations2    
Sales £4,618m £3,611m +28
Operating profit £380m £371m +2
Profit before tax £240m £260m –8
Total profit for financial year £171m £240m –29
Total basic earnings per share 26.8p 39.0p –31

Sales 2008

  2008
£m
2007
£m
Beverage Cans 3,289 2,686
Plastic Packaging 1,273 880
Ongoing operations 4,562 3,566
Disposals and businesses for sale 56 45
Continuing operations 4,618 3,611
Pie chart of Sales from continuing operations: Beverage cans 72%, Plastic packaging 28%
  • Beverage Cans
  • Plastic Packaging

Sales from continuing operations (£m)

Bar chart of Sales from continuing operations (£m): 4,618 in 2008; 3,611 in 2007; 3,301 in 2006; 2,806 in 2005; 2,601 in 2004

Underlying operating profit 2008

  2008
£m
2007
£m
Beverage Cans 306 244
Plastic Packaging 157 105
Ongoing operations 463 349
Disposals and businesses for sale 3 5
Continuing operations 466 354
Pie chart of Underlying operating profit 2008: Beverage cans 66%, Plastic packaging 34%
  • Beverage Cans
  • Plastic Packaging

Underlying operating profit from continuing operations (£m)

Bar chart of Underlying operating profit 2008 (£m): 466 in 2008; 354 in 2007; 375 in 2006; 371 in 2005; 344 in 2004