Card factory increases its 2015 interim dividend by 8.7% and pays big special

DividendMax Ltd.

Card factory increases its 2015 interim dividend by 8.7% and pays big special

Financial Highlights

·      Revenues up 8.0% to £161.4m (H1 FY15: £149.4m)

·      Like-for-like ("LFL") sales up +2.7% (H1 FY15: +2.6%)

·      Underlying EBITDA growth of 7.7% to £32.5m (H1 FY15: £30.2m)

·      Underlying operating profit growth of 6.5% to £27.8m (H1 FY15: £26.1m)

·      Underlying profit before tax growth of 72.3% to £25.7m (H1 FY15: £14.9m), reflecting post IPO capital structure

·      Underlying EPS increased by 46.3% to 6.0 pence (H1 FY15: 4.1 pence)

·      Leverage reduced to 1.20 times underlying EBITDA for the 12 months ended 31 July 2015

·      Completion of £200m debt refinancing, further reducing future interest costs

·      Interim dividend of 2.5 pence per share (FY15: 2.3 pence)

·      Special dividend of 15 pence per share, returning £51.1m of excess cash to shareholders, reflecting ongoing strong cash generative nature of the business

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