|
Total group |
F15 (52w) |
F14 (53w) |
Change |
Change (52w basis) |
|
Total revenue |
£1,315.3m |
£1,301.6m |
+1.1% |
+3.0% |
|
Operating profit |
£256.2m |
£265.6m |
-3.5% |
-1.7% |
|
Profit before tax |
£168.5m |
£173.1m |
-2.7% |
-0.8% |
|
Statutory profit before tax |
£118.2m |
£105.2m |
+12.4% |
+14.5% |
|
Adjusted basic earnings per share |
61.0p |
61.4p |
-0.7% |
+1.3% |
|
Statutory basic earnings per share |
40.9p |
44.2p |
-7.5% |
-5.7% |
|
Dividend per share |
29.75p |
28.4p |
4.8% |
|
|
Underlying retained business |
F15 (52w) |
F14 (53w) |
Change |
Change (52w basis) |
|
Revenue |
£1,313.0m |
£1,274.0m |
+3.1% |
+5.0% |
|
Operating profit |
£254.4m |
£249.9m |
+1.8% |
+3.8% |
|
Profit before tax |
£167.0m |
£159.2m |
+4.9% |
+6.9% |
|
Adjusted basic earnings per share* |
60.4p |
56.4p |
+7.1% |
+9.2% |
Record revenue; Retail revenue now reached £1bn.
Retail like-for-like (LFL) sales +0.4%; Pub Partners LFL net income +3.5%; Brewing & Brands own-brewed volume (OBV) +4.2%.
Adjusted earnings per share growth of 9.2% with strong cash flow, lower leverage and continued dividend growth.
Return on capital employed (ROCE) further increased to 9.3%.
Completed successful five-year strategic plan: expanded Retail sites by 19.4%; increased tenanted EBITDA per pub by 33%; and grew ale market share by 120bps.
Completed acquisition of Spirit Pub Company plc, post year-end, creating UK's leading managed pub company; integration process underway.
Steady trading in first eight weeks; Retail LFL sales +0.6%, Pub Partners LFL net income +1.2% and Brewing & Brands OBV -3.7%.
Rooney Anand, Greene King chief executive officer, comments:
"Greene King has delivered another record year in a challenging trading environment. We have delivered good underlying growth across all parts of the business with Retail generating revenue of over £1bn for the first time. Underlying earnings growth of over 9% has enabled a dividend increase of 4.8%, reflecting our confidence in the strength of the business and its prospects for future growth.
We have also completed a successful five-year strategic plan, surpassing our goals, as we delivered significant progress, changed the business mix and better positioned the company for the future.
We now enter another exciting new phase in the company's history, with the acquisition of Spirit. We warmly welcome Spirit's employees and its shareholders to Greene King. The acquisition will further strengthen our platform to deliver sustainable, long-term success for the benefit of our customers, our employees and our shareholders."
