Essentra increases its 2015 full year dividend by 13%

DividendMax Ltd.

Essentra increases its 2015 full year dividend by 13%

FY 2015 highlights:

Revenue ahead 27% at constant FX to £1.1bn.

Like-for-like1 ("LFL") revenue +5% ex-Pipe Protection Technologies ("PPT"): total Group +1%.

Adjusted operating profit2 up 20% (at constant FX) to £172m.

LFL1, 2 operating margin +70bps ex-PPT, total Group LFL margin +10bps.

Significant site rationalisation across the Group, particularly in Health & Personal Care Packaging.

Adjusted EPS2 ahead 13% (at constant FX) to 47.6p.

Tax rate on adjusted profit reduced by 210bps to 22.8%.

Net debt of £374m (FY 2014: £62m), with cash flow generation offset by the acquisition of Clondalkin Specialist Packaging Division ("SPD") and higher dividends.

13% increase in the full year dividend to 20.7p per share.

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