Growth strategy delivers record half year revenues and profits

Full year results anticipated to be in line with market expectations

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Download our full unaudited interim results here: PDF

Unaudited interim results for the six months ended 31 August 2016

Robert Forrester interview on latest results
Interview with Robert Forrester
Robert Forrester interview on latest results
Analyst interview with Mike Allen, Zeus Capital.
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Number of Retailers

Growth strategy delivers record half year revenues and profits

  • Revenues increased by 17.7% to £1,454.6m (2015 H1 : £1,236.1m)
  • Record profit before tax up 14.0% to £18.7m (2015 H1 : £16.4m)
  • Adjusted1 profit before tax up 14.7% to £19.5m (2015 H1: £17.0m)
  • Period end net cash of £12.9m (2015 H1 : £32.1m)
  • Cash generated from operations of £26.4m (2015 H1 : £37.6m)
  • Earnings per share of 3.87p (2015 H1 : 3.82p)
  • Adjusted* earnings per share growth of 25.4%
  • Raised £35m in March 2016 to finance further acquisitions, with the majority of funds deployed
  • Interim dividend up 11.1% to 0.50p per share (2015 H1 : 0.45p per share) to be paid in January 2017

1 adjusted for amortisation of intangible assets and share based payments charge.

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