Marshalls increases its 2016 interim dividend by 29%

DividendMax Ltd.

Marshalls increases its 2016 interim dividend by 29%

Highlights:

Revenue up 2% to £202.4 million (2015: £199.1 million)

EBITDA up 9% to £32.4 million (2015: £29.7 million)

Improvement in operating margins to 12.8% (2015: 11.1%)

Profit before tax up 21% to £25.1 million (2015: £20.8 million)

Strong operating cash flow with sustainable working capital improvements

Return on capital employed for the year ended 30 June 2016 up 31% (470 basis points) to 19.9% (2015: 15.2%)

EPS up 22% to 10.36 pence (2015: 8.50 pence)

Interim dividend increased by 29% to 2.90 pence (2015: 2.25 pence) per share

Net debt of £8.8 million (30 June 2015: £32.9 million) with significant borrowing capacity

The Board is confident of achieving its expectations for 2016

Companies mentioned