Premier Farnell maintains its 2014 full year dividend at last years level

DividendMax Ltd.

Premier Farnell maintains its 2014 full year dividend at last years level
FINANCIAL PERFORMANCE

- Underlying sales growth of 3.3% year on year

- Adjusted operating profit of £88.0m flat at constant currency

- Operating margin at 9.2% down 40bps

- Gross profit up 1.4% at constant currency

- SG&A as a % of sales down 40bps at constant currency

- Adjusted profit before tax of £74.0m down 3.0%

- Adjusted free cash flow at 3.7% of sales reflecting inventory investments

- Board recommends an unchanged full year dividend of 10.4p per share

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