Stobart Group, a leading provider of multi-modal Transport and Distribution, Estates, Air and Biomass services, and Infrastructure and Civil Engineering, today announces its results for the year ended 28 February 2013.
Group Overview
After a pivotal year, the Group is on track with its four year strategy (2011-15) to create shareholder value
Investment programme nearly complete
Group is moving into optimisation phase - focus is turning to selective realisations and cash generation
Objectives include improved communication with shareholders and other key stakeholders
Financial Highlights
Group revenue from continuing operations was £572.4m (2012: £491.7m)
Underlying operating profit was £44.9m (2012: £40.1m)
Underlying profit before tax was £32.5m (2012: £35.4m)
Final dividend of 4.0p (2012: 4.0p) per share payable on 5 July 2013, making a total for the year of 6.0p (2012: 6.0p)
Profit before tax and discontinued operations increased to £36.0m (2012: £29.2m)
Earnings per share from continuing operations of 9.0p (2012: 8.5p)
Loss on discontinued operation of £13.4m (2012: £0.3m)
Net cash generated from continuing operations £41.4m (2012: £59.0m)
Group property assets at £347.2m (2012: £327.0m)
Net Debt is £216.4m (2012: £166.0m)
