Group performance in line with expectations
· Strengthening competitive position in target markets
· Strong performance in KC
· Progress in Kcom strategic focus areas
· Implementation of asset backed partnership
· Net debt at 1.1 times EBITDA
· Full year dividend of 4.4p per share, an increase of 10 per cent
· Commitment to grow dividend, at 10 per cent per annum to 2016
Bill Halbert, Executive Chairman said "The Group has made further progress in improving the quality and long term sustainability of the business. This is evidenced by the continued strong performance in KC and some of the key customer wins during the year, as a result of the strengthening of our competitive position in target markets.
Our disciplined financial management gives the Group a positive outlook. As a result, we are pleased to be able to commit to a ten per cent per annum dividend increase through to 2016, while at the same time investing in support of our longer term goals."
