McColl's retain increases its 2015 full year dividend by 20%

DividendMax Ltd.

McColl's retain increases its 2015 full year dividend by 20%

Financial highlights

Total revenue up 3.1%1 to £932.2m (2014: £922.4m), adjusting for the 53rd week in 2014.

Full Year Like-for-Like ("LFL")2 sales down 1.9%:

o Premium convenience and food and wine slightly down by 0.6%.

o Standard convenience and newsagents down by 4.0%.

Operating profit increased to £23.6m (2014: £22.0m).

Underlying operating profit3 £24.0m (2014: £24.1m), adjusting for the 53rd week in 2014.

Adjusted EBITDA4 increased to £37.7m (2014: £37.3m), up 3.1% adjusting for the 53rd week in 2014.

Profit before tax increased to £21.1m (2014: £12.6m).

Proposed final dividend of 6.8p per share making a total of 10.2p per share (2014: 8.5p).

Net debt £31.6m (2014: £37.4m), approximately 0.8 times Adjusted EBITDA4.

Companies mentioned