Whitbread increases 2013 full year dividend by 19.9%

DividendMax Ltd.

Whitbread increases 2013 full year dividend by 19.9%

Financial Highlights

 

·     Total revenue up 13.0% to £2,294.3 million (2012/13: £2,030.0 million)

 

·     Group like for like sales up 4.2% 

 

·     Underlying profit before tax up 16.5% to £411.8 million (2012/13: £353.4 million)

 

·     Underlying basic EPS up 20.1% to 179.02p (2012/13: 149.10p)

 

·     Full year dividend up 19.9% to 68.80p (2012/13: 57.40p)

 

·     Whitbread Hotels and Restaurants profits up 11.2% to £348.1 million, Costa profits up 21.9% to £109.8 million

 

·     Premier Inn total sales up 13.4% and like for like sales up 5.0%

 

·     Costa total sales up 20.1% and like for like sales up 5.7%

 

·     Group return on capital up 1.4% pts to 15.3%

 

·     Strong cash flow from operations of £601.3 million funded capital investment of £306.2 million and 19.9% dividend growth

 

·     Year end net debt down by £79.5 million to £391.6 million

 

 

Companies mentioned