Restaurant Group announce a temporary suspension of their dividend to facilitate strategic priorities
Other financial highlights include:
Group like-for-like sales up 2.7%, with total sales up 56.4% to £1,073.1m (2018: £686.0m)
Adjusted profit before tax of £74.5m (2018: £53.2m). Statutory loss before tax of £37.3m (2018 Statutory profit: £13.9m)
Adjusted EBITDA of £136.7m (2018: £87.9m)
Exceptional pre-tax charge of £111.8m (H1 2019: £115.7m, H2 2019: (£3.9m) credit) primarily related to impairment in our Leisure business recorded in the first half of 2019 (2018: £39.2m)
Adjusted EPS of 11.9p (2018: 14.7p). Statutory loss per share of 8.2p (2018 earnings per share: 2.4p)
Operating cash flow of £140.5m (2018: £88.3m)
Net bank debt of £286.6m (2018: £291.1m) with net debt/EBITDA at 2.1x
