Enterprise Inns 2015 final results

DividendMax Ltd.

Enterprise Inns 2015 final results

"Further operational progress and strategic execution on track"

Enterprise Inns plc (ETI or Enterprise), the largest pub owner in the UK, today announces its results for the year ended 30 September 2015.

Financial highlights

Ø Like-for-like net income growth of 1.0% in the final quarter resulting in an increase of 0.8% for the full year

Ø EBITDA* before exceptional items of £296 million (2014: £302 million), in line with expectations following the impact of planned asset disposals

Ø Profit before tax and exceptional items increased to £122 million (2014: £121 million)

Ø Adjusted earnings per share# up 2.1% at 19.4p (2014: 19.0p)

Ø Strong cash generation enables further net debt reduction, down to £2.3 billion (2014: £2.4 billion)

Companies mentioned