Finsbury Food increases its 2016 full year dividend by 12%

DividendMax Ltd.

Summary

Group revenue of £319.7m up 24.8%, 52 week revenue £313.5m up 22.4% (2015: £256.2m) and up £12.8m, 5.0% on a like for like basis.

Gross profit of £102.6m up 30% (2015: £78.9m).

Adjusted operating profit of £17.1m up 37.7% on the prior year, for the 52 week period, operating profit of £16.7m is up 34.7%, (2015: £12.4m) and up 15.7% on a like-for-like basis.

Group adjusted operating profit margin of 5.3% (2015: 4.8%).

Adjusted profit before tax of £16.0m up 40.8% (2015: £11.4m).

Record capital investment of £12.1m to ensure long term competitiveness (171% of depreciation).

Strong growth in adjusted diluted EPS, up 19% to 9.5p per share (2015: 8.0p per share).

Final dividend per share of 1.87p taking total dividend for the year to 2.80p up 12% (2015: 2.5p per share).

Net debt of £19.7m equates to 0.8 times EBITDA of the Group. Net debt well within the long term banking facility of £51m available to support current and future growth plans.