2013 Company Results

Ahead of market expectations

Scroll down to continue

Download our full unaudited interim results here: PDF

Unaudited interim results for the six months ended 31 August 2013

Robert Forrester interview on latest results
Interview with Robert Forrester, Chief Executive commenting on the results.
99

Number of Retailers

Financial Highlights

  • Revenues increased by 33.3% to £837.2m (2012 H1: £628.1m)
  • Profit before tax up 68.6% to £8.6m (2012 H1: £5.1m(1))
  • Adjusted(2) profit before tax up 79.6% to £8.8m (2012 H1: £4.9m(1))
  • Balance sheet underpinned by freehold and long leasehold property portfolio of £104.5m (31 August 2012: £83.8m) and ungeared following the June 2013 placing of shares to raise £50m (gross)
  • Cash conversion up 285% to £30.4m (2012 H1: £7.9m)
  • Period end net cash of £25.7m (2012 H1: £2.2m)
  • Earnings per share up 30.6% to 2.56p (2012 H1: 1.96p(1))
  • Adjusted(2) earnings per share up 40.1% to 2.62p (2012 H1: 1.87p(1))
  • Interim dividend up 20% to 0.3p per share (2012: 0.25p per share) to be paid in January 2014
  • The Board anticipates full year results will be significantly ahead of market expectations

(1) prior year comparative figures have been restated following the Groupís adoption of IAS19 (revised)
(2) adjusted for exceptional charges, amortisation of intangible assets and share based payments charge/credit

Operational Highlights

Results Past and Present

Enter your email address for regular updates about Vertu
Submit

Corporate Responsibility
Invest in Vertu
Careers at Vertu
Top