Tesco 2015 final results

DividendMax Ltd.

Tesco 2015 final results


Significant progress on all three transformation priorities

UK like-for-like sales growth of 0.9% in 4Q; Group like-for-like sales growth of 1.6% in 4Q

£6.2bn reduction in total indebtedness, including contribution from sale of Homeplus in Korea

Customer, colleague, supplier measures all improved

Guided by a clear purpose, 'serving shoppers a little better every day'

UK customer satisfaction up 5% over the course of the year

UK volumes up 3.3% in 4Q;  UK transactions up 2.8% in 4Q

International volumes up 5.5% in 4Q  

Achieved what we set out to do

£944m operating profit before exceptional items

Retail operating cash flow of £2.6bn

Initial £400m cost saving programme delivered

UK & ROI property now 47% freehold (+6%) following two further transactions in Feb 2016

Improving trends across the Group

Positive and improving like-for-like sales growth trends in all regions: UK, ROI, Europe and Asia

Improving sales performance in all formats and categories

Strong growth in Tesco Bank customer deposits and lending

Continued growth at Tesco Mobile, the UK's largest MVNO - now 4.6m customers

Clear commitment to the customer

The customer is and always will be our prime focus

Continuing to invest to improve the competitiveness of our offer

Seven exclusive fresh food brands launched in March 2016

Companies mentioned