Highlights


Group Revenue


Adjusted* Operating Profit


£256.2m £12.4m 4.8% £11.4m


Group revenue of £256.2m up 45.8% (2014: £175.7m) and up 6.1% on a like-for-like basis.


Group Operating Profit Margin Profit Before Tax Group operating profit margin of 4.8% (2014: 4.4%). Record Capital Investment Adjusted Diluted EPS £7.4m 7.7p


Record capital investment of £7.4m to ensure long-term competitiveness.


Final Dividend


Strong growth in adjusted diluted EPS, up 22% to 7.7p per share (2014: 6.3p per share).


Net Debt 1.67p £21.3m


Final dividend per share of 1.67p taking total dividend for the year to 2.50p (2014: 1.00p per share).


Net debt of £21.3m equates to 1.0 times pro forma annualised EBITDA of the Group. Net debt well within the long-term banking facility of £51m available to support current and future growth plans.


* These figures have been adjusted to eliminate the impact of the following charges required by IFRS and significant non-recurring items (see Note 5) for the 52 week periods ended 27 June 2015 and ended 28 June 2014:


2015 £000


Adjusted profit on continuing operations before tax Significant non-recurring items (see Note 5 for detail) Share options charge


Difference between defined benefit pension scheme charges and cash cost Movement in the fair value of interest rate swaps Movement in the fair value of foreign exchange contracts Unwinding of the discount on deferred consideration payable Unwinding of the discount on deferred consideration receivable Profit on continuing operations before tax


11,393 (3,181) 10


(54) 28


181 -


105 8,482 Refer to trading results section within the Strategic Report for further details on the adjusted profits. 1


2014 £000


6,470 (759) (9)


(61)


708 81


(4) 150 6,576


Adjusted* operating profit of £12.4m up 61% (2014: £7.7m) and up 20% on a like-for-like basis.


Profit before tax of £11.4m up 76% (2014: £6.5m).

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