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Restaurant Group announce interim dividend of 2.1p per share, in line with policy

Investment Tools Ltd.
Restaurant Group announce interim dividend of 2.1p per share,  in line with policy

The Restaurant Group Board has proposed an interim dividend of 2.1p, reflecting the Board's policy of paying a dividend covered two times by adjusted profit after tax.  The interim dividend will be paid on 10 October 2019 to shareholders on the register on 13 September 2019 and shares will be marked ex-dividend on 12 September 2019. 

Like-for-like sales up 4.0%, with total sales up 58.2% to £515.9m (2018: £326.1m)

Adjusted profit before tax of £28.1m (2018: £20.7m)

Exceptional pre-tax charge of £115.7m (2018: £8.4m) predominantly relating to a £100.2m impairment charge and a £10.7m onerous lease provision in our Leisure business

Statutory loss before tax of £87.7m (2018 Statutory profit: £12.2m)

Adjusted EBITDA of £61.4m (2018: £38.4m)

Adjusted EPS of 4.5p (2018: 5.9p). Statutory loss per share of 16.1p (2018 earnings per share: 3.3p)

Operating cash flow of £52.3m (2018: £25.6m)

Net bank debt of £316.8m (2018: £24.2m) with pro-forma net debt/EBITDA at 2.3x

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