William Morrison 2017 final results
Financial summary
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Group like-for-like (LFL) sales ex-fuel/ex-VAT up 2.8% (2016/17: 1.9%) |
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Revenue up 5.8% to £17.3bn (2016/17: £16.3bn) |
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UPBT up 11.0% to £374m (2016/17: £337m), up 9.5% on a 52-week basis |
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Underlying EPS up 12.2% to 12.19p (2016/17: 10.86p) |
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Reported PBT up 16.9% to £380m (2016/17: £325m) |
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Free cash flow of £350m (2016/17: £670m) |
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Net debt reduced by £221m to £973m, below our £1bn year-end target |
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Net pension surplus of £594m (2016/17: £272m) |
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Return on capital employed increased to 7.7% (2016/17: 7.3%) |
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Final ordinary dividend of 4.43p, taking the full year ordinary dividend up 12.2% to 6.09p (2016/17: 5.43p) |
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Special dividend of 4.00p, taking the full year total dividend up 85.8% to 10.09p |
