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BCA marketplace announces 12.9% dividend increase amidst takeover bid

Investment Tools Ltd.
BCA marketplace announces 12.9% dividend increase amidst takeover bid

Note: BCA marketplace is subject to a takeover bid from TDR capital. It is likely this will be the last dividend paid by BCA marketplace should the takeover go ahead.

Financial Highlights:

Revenue of £3,028.0m (2018: £2,431.5m), up as a result of growth across the business. UK Vehicle Remarketing and Vehicle Buying both exceeded £1 billion of revenue

Over one million vehicles sold in UK Vehicle Remarketing for the second consecutive year

WeBuyAnyCar full year accelerated volume growth of 18.7% (2018: 12.9%)

Continued growth of digital, data and valuation products with a 17.0% increase in BCA Dealer Pro registered UK dealers

Growth of 23.2% in International cross-border sales with increased adoption of BCA 1Europe Transport

Launch of a specialist buyer centre in Poland to support the import of vehicles purchased from BCA auctions across Europe

BCA Partner Finance provided dealer funding for nearly £1 billion of vehicle purchases in the year

On 19 December 2018, the Company purchased 13,160,000 of its own shares at £1.90 for a total consideration of £25.2m including commission and Stamp Duty Reserve Tax

Adjusted EBITDA of £171.9m (2018: £159.5m), up 7.8% with Operating profit of £100.2m (2018: £87.6m)

Diluted earnings per share of 8.6p up 22.9%. Adjusted diluted earnings per share of 12.9p, up 13.2%

Full year dividend of 9.65p per share up 12.9% (including a proposed 6.65p final dividend to be paid on 30 September 2019)

Companies mentioned

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