The Whitbread plc Board has declared a final dividend per share of 34.7p, resulting in a total dividend payment of £70m, payable on 1 July 2022, reflecting both their confidence in the outlook of the group.
Other financial highlights include:
FY22 statutory revenues were 189.0% ahead of FY21 reflecting the strong recovery in sales post COVID restrictions, and the estate growth in the UK and Germany
FY22 statutory profit before tax of £58.2m, compared to a loss of £1,007.4m in FY21. Adjusting items before tax in the year were a net credit of £74.0m, including £33.2m profit from property disposals, and £42.0m of net property impairment reversals (FY21: £109.2m charge)
Both the FY22 statutory profit and the adjusted loss before tax of £15.8m benefitted from £126.5m of COVID related UK Government support schemes, a significant reduction from the prior year (FY21: £260.3m), and £44.3m of COVID related support schemes in Germany (FY21: £11.8m)
Cash inflow before debt repayments was £80.3m in the second half and net cash at the end of the year was £140.5m.
