Berendsen increases its 2016 full year dividend by 5%

DividendMax Ltd.

Berendsen increases its 2016 full year dividend by 5%

Financial Summary

Underlying revenue grew 2% to £1.1 billion; reported revenue grew 9%

Adjusted operating profit of £161 million, in line with trading update in October 2016; reported operating profit grew 7% to £140.7 million

Second half performance impacted by legacy issues in UK textiles (Workwear, Hospitality & Healthcare); UK textile profits reduced by £10m compared to prior year

Progress across the rest of the Group maintained

Dividend increased by 5% to 33.0p, reflecting positive outlook for growth and ongoing balance sheet strength

Companies mentioned