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Order intake¹ Revenue Adjusted² operating profit Adjusted² operating margin Profit before tax Basic earnings per share Adjusted² basic earnings per share Full year dividend Summary rotork Rotork plc 2020 Full Year Results Delivering resilience , investing for growth 2019 % change ● 2020 £ 590.2m £ 604.5m £ 142.5m 23.6 % £ 122.0m 10.7p 12.5p 6.3p £ 691.8m £ 669.3m £ 151.0m 22.6 % £ 124.1m 10.8p 13.0p 6.2p -14.7 % -9.7 % -5.6 % + 100bps -1.6 % -0.9 % -3.8 % + 1.6 % OCC³ % change -12.4 % -7.4 % -3.8 % + 90bps + 0.6 % + 0.6 % -3.1 % Order intake declined in the period reflecting the impact of COVID - 19 on global economic activity . Orders in the final quarter , whilst still down year - on - year , showed signs of recovery Revenues were lower year - on - year due to subdued large project activity , customer site access issues at Rotork Site Services and disruption to production and logistics ● Adjusted operating margins were 100bps ahead at 23.6 % , with all divisional margins higher , benefiting from savings generated by the Growth Acceleration Programme Flowthrough5 of sales declines to adjusted operating profit from 2019 was limited to just 12 % , demonstrating the Group's improved cyclical resilience Year - end net cash , after the payment of the £ 33.9m dividend in September , was £ 72.0m higher year - on - year at £ 178.1m . ROCE increased 10bps to 31.9 % ¹ Order intake represents the value of orders received during the period . 2 Adjusted4 figures exclude the amortisation of acquired intangible assets and restructuring costs ( see note 4 ) . 3 OCC4 is organic constant currency results excluding discontinued businesses and restated at 2019 exchange rates . 4 Adjusted and OCC figures are alternative performance measures and are used consistently throughout these results . They are defined in full and reconciled to the statutory measures in note 2 . 5 Flowthrough calculated as change in OCC adjusted operating profit as reported , divided into the change in OCC revenue . Kevin Hostetler , Chief Executive , commenting on the results , said : " Rotork delivered a resilient performance in an unprecedented period . Adjusted operating margins were 100 basis points higher year - on - year , and ahead of consensus expectations , despite sales being down on the prior period . Our Growth Acceleration Programme continued to deliver planned benefits , despite the challenging external environment , and we took the opportunity to bring forward some actions scheduled for later years .