Restaurant Group maintains its 2016 interim dividend

DividendMax Ltd.

Restaurant Group maintains its 2016 interim dividend


Trading in line; full year guidance for 52 weeks maintained

Challenging trading period across Leisure brands; good performance from Pubs and Concessions

Total revenue up 3.4% to £358.7m with like-for-like sales down 3.9%

Operating profit down 4.4% to £37.5m

Strong free cash flow of £35.8m

33 underperforming sites identified for closure/sale

Exceptional charge of £59.1m reflecting prospective site closures and 29 site asset value impairments

EPS down 3.0% to 14.3p on a trading basis and down to -11.2p on a statutory basis

Interim dividend maintained at 6.8p per share, reflecting confidence in our current trading forecast

First phase of operating strategy review completed

Appointment of new Executive team; strengthening of Board with appointment of two new NEDs

Companies mentioned