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The AA declare a maintained interim dividend of 0.6p, in line with prior year

Investment Tools Ltd.
The AA declare a maintained interim dividend of 0.6p, in line with prior year

The AA Board has declared that the interim dividend will be 0.6 pence per share, in line with last year. It will be paid on 8 November 2019 to shareholders on the register on 4 October 2019 with the ex-dividend date set for 3 October 2019.

Other financial highlights include:

Revenue up 2% to £491m, reflecting solid performance of Roadside and Insurance divisions

Operating profit up 3% to £120m, Trading EBITDA up 2.5% to £165m and PBT up 50% to £42m

Free cash flow to equity (pre-dividends and bond buy-back) up 214% to £44m (H1 19: £14m)

Capex of £37m (H1 19: £36m) in line with expectations. FY20 and FY21 capex guidance maintained 

S&P reaffirmation of ratings of Class A notes and Class B2 note

Companies mentioned

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