Headlam group increases its 2016 full year dividend by 8.9% and pays a special

DividendMax Ltd.

Headlam group increases its 2016 full year dividend by 8.9% and pays a special

Financial Highlights:

Total revenue increased by 6.0% to £693.6 million (2015: £654.1 million)

Significant outperformance of the 3.8% growth in the UK floorcoverings market* with UK like-for-like** revenue growth of 4.7% in 2016 (2015: UK like-for-like growth 3.9%)

Underlying profit before tax increased by 12.6% to £40.1 million (2015: £35.6 million)

Statutory profit before tax increased by 7.3% to £38.2m (2015: £35.6 million)

Basic underlying earnings per share increased by 14.5% to 38.7 pence (2015: 33.8 pence)

Total ordinary dividend in respect of the 2016 financial year increased by 8.9% to 22.55 pence (2015: 20.70 pence)

Special dividend of 8.0 pence also declared in respect of the 2016 financial year (2015: special dividend of 6.0 pence)

Net cash position of £52.6 million as at 31 December 2016, an increase of 19.8% on 2015 (31 December 2015: £43.9 million)

Companies mentioned