Saga to pay maiden interim dividend of 2.2p

DividendMax Ltd.

Saga to pay maiden interim dividend of 2.2p

Financial highlights - continuing operations1

Growth in Trading EBITDA of 5.2% in the core Financial Services and Travel businesses, partially offset by the impact of a full six months of plc costs

Sustained cash generation leading to further deleveraging

o Target range for debt ratio of between 1.5x and 2.0x in the medium term

Confidence in achieving full year profit expectations and ongoing sustainable profit growth supports the announcement of a maiden interim dividend of 2.2p

 

Six months ended 31 July 2015

(H1 2015)

Six months ended 31 July 2014

(H1 2014)

Change

Group Trading EBITDA

£130.6m

£129.6m

+0.8%

Trading EBITDA from Financial Services and Travel

£136.5m

£129.7m

+5.2%

Trading Profit2

£117.5m

£116.3m

+1.0%

Profit before tax

£101.3m

£42.2m

+140%

Basic Earnings Per Share

7.3p

3.3p

+121%

Interim Dividend

2.2p

Nil

 

Available operating cash flow

£139.1m

£137.8m

+0.9%

Debt ratio (net debt to EBITDA)

2.35x

2.56x

(0.21x)

Companies mentioned