Dixons Carphone increases its 2016 full year dividend by 15%

DividendMax Ltd.

Highlights: 12 months to 30 April 2016

• Group like-for-like revenue up 5% (UK & Ireland up 6% and Nordics up 4%)

• Strong profit performance:

- Headline PBT of £447 million (2014/15: £381 million), up over 17%

- Headline basic EPS 29.3p (2014/15: 25.5p)

- Total statutory profit of £161 million (2014/15: £97 million) after Non-Headline(1) charges of £176 million (2014/15: £188 million) which include a loss from discontinued operations of £18 million (2014/15: £114 million)

• Free cash flows of £202 million (2014/15: £89 million) and net debt broadly flat year-on-year at £267 million 

• Final dividend of 6.50p (2014/15: 6.00p) proposed, taking total dividends for the year to 9.75p (2014/15: 8.50p), up 15% year-on-year

• Sprint joint venture in the US expected to contribute $40m-$50m of annual EBIT to the Group by 2019/20

• honeyBee platform: second major client signed