SIG increases its 2014 full year dividend by 24.2%

DividendMax Ltd.

SIG increases its 2014 full year dividend by 24.2%

Highlights

Like-for-like*** sales increased by 3.8%; market outperformance of 2.8%

Return on capital employed up 90bps to 10.3%

Strong progress and overdelivery on strategic initiatives

£10.1m net benefit in 2014, well ahead of original target

Procurement gains drive 50bps improvement in gross margin

Underlying operating margin increased 20bps to 4.2%

Underlying EPS up 11.2% to 11.9p

Statutory profit before tax of £39.0m

12 infill acquisitions for £20.9m and related earn-out

Three underperforming businesses divested

Net debt of £126.9m; leverage remains at 1.0x

Final dividend increased by 24.2%; total dividend up 23.9% to 4.40p per share

Companies mentioned