Profit and cash generation ahead of expectations: dividend increased

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Annual report & financial statements for the year ended 28 February 2019

Robert Forrester interview on latest results

Interview with Robert commenting on the results

Analyst interview with Mike Allen.
Analyst interview with Mike Allen, Head of Research, Zeus Capital.

Financial highlights

  • Profit before tax of £25.3m (2018: £30.4m)
  • Adjusted profit before tax of £23.7m ahead of market expectations (2018: £28.6m)
  • Full year dividend of 1.6p per share, up 6.7% (2018: 1.5p per share)
  • VAT income of £3.1m, in addition to Adjusted PBT, received following HMRC clarification of finance deposit allowance treatment
  • Excellent cash conversion: Free Cash Flow of £21.2m delivered in the year (2018: £10.7m)

Strategy

Operational

Capital Structure

Outlook

Results Past and Present

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