Cranswick increases its 2018 full year dividend by 21.8%

DividendMax Ltd.

Cranswick increases its 2018 full year dividend by 21.8%

Cranswick 2018 final results

Financial highlights:

Revenue (including the benefit of a 53rd week) up 17.6% at £1,464.5m (2017: £1,245.1m)

Like-for-like revenue ahead by 12.7%

Adjusted Group operating margin of 6.3% (2017: 6.1%)

Adjusted profit before tax increased 22.4% to £92.4m (2017: £75.5m)

Adjusted earnings per share on continuing operations 19.9% higher at 145.0p (2017: 120.9p)

Full year dividend increased by 21.8% to 53.7p (2017: 44.1p)

Net funds of £20.6m (2017: net debt of £11.0m)

Return on capital employed increased to 20.3% (2017: 19.0%)

Statutory profit before tax up 13.5% to £88.0m (2017: £77.5m)

Statutory earnings per share on continuing operations 11.0% higher at 137.8p (2017: 124.2p)

Companies mentioned