The Lookers Board is proposing a final dividend for 2022 of 2.0p per share (2021: 2.5p) to be paid in June 2023. This, combined with the interim dividend of 1.0p (2021: nil p) per share, brings the total dividend for the year to 3.0p (2021: 2.5p). They will continue to operate under their progressive dividend policy, underpinned by a capital structure aimed at providing long-term sustainable returns to shareholders.
Other financial highlights include:
Group revenue of £4,300.9m (2021: £4,050.7m) reflecting strong trading across all divisions despite supply restrictions and logistics disruption
Basic earnings per share of 18.87p (2021: 15.65p), up 20.6% versus 2021
Underlying profit before tax of £82.7m (2021: £90.1m, £80.3m excluding £9.8m of COVID support), primarily driven by new and used vehicle market outperformance and cost control
Robust balance sheet with net cash of £66.5m (2021: £3.0m) and a property portfolio with a net book value of £290.5m, equivalent to a combined 92p per share
