Final Results
Financial Highlights
· System sales1 increased by 14.0% to £668.8m (20122: £586.5m)
· Profit before tax3, including Germany and Switzerland, of £47.6m, up 1.9% (2012: £46.7m)
· Profit before tax3, excluding Germany and Switzerland, increased 11.6% to £55.2m (2012: £49.5m)
· Adjusted diluted earnings per share, excluding Germany and Switzerland up 10.3% to 25.6p (2012: 23.2p)
· Like-for-like sales4 growth of 7.0% in 670 UK mature stores (20122: 5.2% in 612 mature stores)
· Earnings per share (pre-exceptional items):
o Diluted earnings per share up 8.6% to 23.9p (2012: 22.0p)
o Basic earnings per share up 8.1% to 24.0p (2012: 22.2p)
· Statutory basic earnings per share 10.7p (2012: 19.0p)
· Pre-tax exceptional costs of £27.5m of which £26.5m relates to impairments and other exceptional charges within our German business
· Final dividend increased by 11.4% to 8.80p per share (2012: 7.90p) bringing the total dividend for the year to 15.90p per share up 9.7% (2012: 14.50p)
· 57 new stores opened in the period (2012: 69 stores) with four closures (2012: two) resulting in a total of 858 stores in four countries as at 29 December 2013
· Online system sales increased by 28.2% to £338.0m (20122: £263.7m) with online sales accounting for 61.5% of UK delivered sales (20122: 56.1 %). Of this, 30.9% of online orders were taken through a mobile device (20122: 19.7%)
· Strong balance sheet with adjusted net debt5 to EBITDA3 of 0.3:1 (2012: 0.5:1)
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