FINANCIAL HIGHLIGHTS
Group revenue of £1,340.3m, up 5.2% (as reported) and up 5.4% on a like for like1 basis
Convenience Foods revenue of £1,290.2m, up 6.0% on a like for like1 basis
Group operating profit2 up 10.6% to £91.7m
Group operating margin2 of 6.8%, a 30 bps increase
Growth in adjusted EPS3 of 13.2% to 18.0p
Proposed final dividend of 3.75 pence per share, giving a total dividend of 6.15 pence per share, up 12.8%
Net debt of £265.5m with net debt : EBITDA leverage as measured under financing agreements of 2.0 times
STRATEGIC DEVELOPMENTS
Strong momentum, focus and investment behind food to go strategy in the UK and US resulting in 10.4% like for like revenue growth, well ahead of market performance
Phase one extension of Northampton facility successfully completed and second phase well underway. We are today announcing further investment in the Northampton campus to support customer growth
Roll out of new product range from extended Jacksonville facility in the US
New build in Rhode Island coming on stream and work commenced on new build in Seattle
