Financial Highlights
Group like-for-like sales of £119m, including VAT, up 8.2% (2014/15: up 5.5%):
- Like-for-like retail sales up 7.6% (2014/15: up 7.1%)
- Like-for-like hire sales, representing 14% of sales, up 11.7% (2014/15: down 3.6 %)
E-commerce sales up 36.3%, now 10% of total sales.
Gross margin improved in total for the year by 1.5% to 59.8% due to lower levels of discounting.
Strong cash balance of £17.3m (31 January 2015: £19.6m) following ongoing investment in store refit programme. Cash generated from operating activities of £11.6m (2014/15: £5.2m).
Basic earnings per share, on continuing operations before exceptional items, of 4.71 pence (2014/15 restated: 3.60 pence per share). Basic earnings per share, on continuing operations, after exceptional items, of 4.65 pence (2014/15 restated: 3.60 pence). EPS restated due to prior year tax charge adjustment - see note 7.
Final dividend proposed of 3.75 pence, total dividend for the year 5.55 pence, up 5.7% on the previous year (2014/15: total dividend 5.25 pence).
