Annual Reports
Annual Report and Financial Statements 2021
18 August 2021
Key Financials
£4.1bn
Underlying Group revenue
£(1.6)bn
Statutory operating loss
£(28)m
Underlying operating (loss) / profit
£471m
Statutory cash generated from operations
£170m
Underlying free cash flow
2.5x
Net debt / EBITDA (covenant basis)
