WH Smith Plc is proposing a final dividend of 9.1p per share
Other financial highlights include:
Significant recovery in Group performance with Group revenue of £1,400m (2021: £886m)
Strong performance from Travel; momentum continuing into new financial year; total Travel revenue in 10 week period to 5 November 2022 at 148% of 2019
New store pipeline of 150 stores won and yet to open in Travel, including 70 in North America, with over 125 stores due to open this financial year
Headline profit before tax and non-underlying items of £73m (2021: loss of £55m)
Total Travel trading profit of £89m (2021: loss of £39m)
High Street trading profit of £33m (2021: £19m)
Investing for growth with capex in the current financial year expected to be around £150m
Strong balance sheet with leverage now at 2x with further strengthening expected
