The values
- Operating margin: 0.152
- PBT margin: 0.157
- D1 band: 0.152 to 0.157
- Group adj EBIT margin year to March 2026: 0.153
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- 34,057,332/224,023,236 = 0.1520
- 35,159,593/224,023,236 = 0.1569 (= D-1's 0.157, which used 35.1/224)
- 24,149,162/141,862,561 = 0.1702
- 27,299,988/179,387,565 = 0.1522
- 17,965,823/154,011,832 = 0.1167
- 16,794,888/140,429,173 = 0.1196