We reported good results for 2018 that reflect solid execution and excellent progress delivering our strategy.
Healthy new order intake reflects our strong competitive position. Furthermore, operational excellence protected margins and maintained good progress delivering our project portfolio. Our results also benefitted from the sale of non-core assets as we transition back to a capital light business. Together, these returned Petrofac to a net cash position well ahead of schedule and delivered another year of improvement in returns.
Looking forward, we are well-positioned for 2019:
Our management and people remain resolutely focused on best-in-class delivery for clients, positioning the business for growth and enhancing returns.
|Revenue (US$ million)||5,829||6,395||7,873||6,844||6,241|
|Backlog (US$ billion)||9.6||10.2||11.7||17.6||15.6|
|EBITDA (US$ million)1||671||748||704||312||935|
|Diluted earnings per share (cents)2||106.2||100.9||93.3||2.6||169.0|
|Net profit (US$ million)1,2
|Return on capital employed||26%||21%||17%||3%||18%|