AG Barr increases its 2015 interim dividend by 8%

DividendMax Ltd.

AG Barr increases its 2015 interim dividend by 8%

Key Points 

Total turnover was £130.3m (2014: £135.7m). Adjusting for the impact of discontinued business, turnover from ongoing business, including the recently acquired Funkin Limited ("Funkin"), declined 2.8%

Adjusted* profit on ordinary activities before tax, interest and exceptional items increased by 3.3% to £17.8m. Statutory profit before tax decreased by 11.3% to £16.9m (2014: £19.0m)

Free cash flow was £7.4m. Net debt stands at £19.9m (representing a net debt/EBITDA ratio of 0.4 times)

The Funkin business is performing well against our pre-acquisition expectations

Investment in our Milton Keynes site continued during the period with the successful commissioning of carton packaging capability and the commencement of the warehouse capacity increase project, due to be completed in early 2016

Interim dividend of 3.36p per share (2014: 3.11p), an increase of 8.0% on the prior year

Companies mentioned