The Halfords PLC Board have declared an interim dividend of 3p per share in respect of the period to 1 October 2021 (H1 FY21: None). The interim dividend will be paid on 21 January 2022 to shareholders who are on the register of members, with an ex-dividend date of 9 December 2021 and a record date of 10 December 2021.
Other financial highlights include:
- Strong revenue growth of +19.2% vs. FY20, growing market share in Retail Motoring and Autocentres, with revenues +7.7% and +88.8% respectively. Cycling growth of +8.8%, despite the known supply chain disruption.
- Material contribution from areas of strategic focus: Group Services growing +75%, online +81% and B2B +78%.
- Underlying Profit Before Tax of £57.9m, +£27.7m (+91.7%) vs. FY20 (note: FY22 includes business rates relief of £9.2m).
- Compared to FY21, Group Revenue grew +8.7% and underlying PBT +£2.1m (+3.8%).
- Period ended with Net debt of £232.7m or net cash of £91.6m when excluding IFRS lease debt; working capital abnormally low.
