The Board has declared a final dividend of 7.3p per share, in line with prior guidance, which will be paid on 7 June 2023 to shareholders on the register at the close of business on 21 April 2023. This will bring the full year dividend for FY2022 to 10.9p.The proposed final dividend is subject to the approval of shareholders at this year's Annual General Meeting.
The shares will be quoted ex-dividend on 20 April 2023. Shareholders in the UK may elect to reinvest their dividend in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 16 May 2023.
Other Financial Highlights:
- Like for Like (‘LFL’) sales up 3.5% in FY2022, and 22.8% on a three-year basis
- Total year-on-year revenue growth of 1.8% to a record £1,562.4m
- Further market share gains in Core, and a strong recovery in delivered DIFM sales
- Adjusted profit before tax £75.4m, in line with guidance, following a record £85.0m in 2021
- Statutory profit before tax of £40.3m after absorbing non-recurring costs of £35.1m
- Net cash position of £99.5m (2021 £123.4m), reflecting the impact of £24.4m IT separation costs
- IFRS 16 net debt of £591.8m (2021 £618.7m); leverage of 2.9x
