Connect Group 2017 final results
Focused strategy continues, concentrating on opportunities in Early Distribution and Mixed Freight
Adjusted continuing PBT £48.0m down £2.4m, due to weaker performance in Mixed Freight
Resilient trading in News offset by higher costs in Pass My Parcel
Step change in the integration of Smiths News and Tuffnells
Plans to deliver an initial £15m of savings over two years
Sale of Education & Care for an enterprise value of £64.4m and net cash proceeds of £58.2m
Books planned disposal expected in FY18
Leverage reduces to 1.2x and bank facilities renewed in October 2017 until January 2021
Final dividend of 6.7p up 3.1%, making a full year dividend of 9.8p, up 3.2%
