Dominos Pizza increases 2014 interim dividend by 10%

DividendMax Ltd.

Dominos Pizza increases 2014 interim dividend by 10%

Financial Highlights

System sales increased by 14.9% to £375.0m (2013: £326.5m) 

Continued strong operating margin, excluding Germany and Switzerland, of 21.7% (2013: 21.2%) 

Operating profit, excluding Germany and Switzerland, increased 15.3% to £29.8m (2013: £25.9m). Operating profit, including Germany and Switzerland, after exceptional items, was £24.3m (2013: £10.1m) 

Group profit before tax increased 10.1% to £24.5m (2013: £22.2m). 

Strong growth in like-for-like sales in core UK & Ireland businesses:

o UK up by 11.3%

o Republic of Ireland ("ROI"), in Euros, up by 3.2%

o Germany, in Euros, declined by 1.7%

o Switzerland, in Swiss Francs, up by 2.9%

Earnings per share;

o Basic earnings per share up by 7.4% to 11.6p (2013: 10.8p)

o Diluted earnings per share up by 7.5% to 11.5p (2013: 10.7p)

Interim dividend increased by 10.0 % to 7.81p per share (2013: 7.10p) 

Strong net cash generated from operating activities of £28.7m (2013: £15.5m) resulting in net debt of £3.7m (2013: £27.9m) and share buyback programme resumed 

Online system sales increased by 30.6% to £204.7m (2013: £156.7m) with online sales accounting for 69.7% of UK delivered sales (2013: 63.3%). Of this, 38.3% of online orders were taken through a mobile device (2013: 27.5%) 

Total of 11 new stores opened in the period with one closure resulting in a total of 868 stores as at 29 June 2014 (2013: 825) 

Created nearly 300 new jobs in stores, expected to rise to over 1,300 by the end of the year

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