Restaurant Group 2017 Interim dividend
Strategic highlights
Early signs of improved volume momentum in our Leisure business
Fundamentally improved value positioning and food offer in Frankie & Benny's
Restaurant technology roll-out complete to facilitate serving customers better
Healthy pipeline of opportunities to advance growth in Pubs and Concessions
Good progress on cost reduction
Team strengthened
Financial highlights
Like-for-like sales down 2.2%
Total sales down 1.9% on a 26 week comparable basis; down 7.1% on a statutory basis
Adjusted1 profit before tax of £25.5m (2016: £36.6m). Statutory profit before tax of £2.8m (2016: loss of £22.5m)
Exceptional charge of £22.7m (2016: £59.1m)
Adjusted1 EBITDA of £44.3m (2016: £59.6m)
Adjusted1 EPS of 10.0p (2016: 14.3p). Statutory EPS of 0.6p (2016: loss per share 11.2p)
Continued strong free cash flow of £35.1m (2016: £35.8m)
Net bank debt of £19.3m (2016: £35.6m)
Interim dividend maintained at 6.8p per share, reflecting the Board's confidence in the plan
Current trading in line with our expectations; we continue to expect to deliver an adjusted PBT outcome for the full-year in line with current market expectations
