Whitbread increases its 2014 interim dividend by 15.6%

DividendMax Ltd.

Whitbread increases its 2014 interim dividend by 15.6%

Financial Highlights

Total revenue up 13.0% to £1,293.2 million (2013/14: £1,144.7 million)

Group like for like sales1 up 7.0%

Underlying profit before tax up 18.5% to £256.0 million (2013/14: £216.1 million)

Underlying basic EPS up 21.5% to 111.69p (2013/14: 91.94p)

Interim dividend up 15.6% to 25.20p (2013/14: 21.80p)

Hotels and Restaurants underlying profit2 up 15.0% to £225.0 million (2013/14: £195.7 million)

Costa underlying profit up 20.5% to £52.4 million (2013/14: £43.5 million)

Premier Inn total sales up 14.7%, like for like sales1 up 9.6% and total revpar up 8.8%

Costa total sales up 16.9%, worldwide system sales up 15.5% and like for like sales1 up 6.1%

Group return on capital3 increased to 15.8% (2013/14: 14.4%)

Strong cash flow with EBITDA4 up 17.1% to £343.1 million (2013/14: £293.0 million)

Strong balance sheet: net debt £467.2 million (£391.6 million at 27th February 2014)

Companies mentioned