Financial highlights
Underlying profit before tax £75.0m (2016 - £82.9m):
o Impacted by lower number of vehicles on hire in the UK;
o £5.7m adverse impact from the previous changes in vehicle depreciation rates;
o £5.2m benefit of foreign exchange across the year;
Profit before tax £72.2m (2016 - £77.6m);
Underlying basic earnings per share 47.3p (2016 - 49.0p);
Basic earnings per share 45.7p (2016 - 46.1p);
Net debt remained at £309.9m including:
o £21.0m net cash generation post dividends;
o £20.5m adverse effect of the strengthened Euro at the balance sheet date;
8% increase in proposed full year dividend per share to 17.3p (2016 - 16.0p):
o Final dividend proposed 11.6p (2016 - 10.9p).
