Bakkavor Group propose a final dividend of 3.96 pence per Ordinary share. This provides a total dividend for 2021 of 6.60 pence per Ordinary share, and would be an increase of 10.0% on 2019 (no dividend was paid in respect of 2020). If approved by shareholders, the final dividend will be paid on 30 May 2022.
Other financial highlights include:
Like-for-like revenue ahead of pre-pandemic levels, up 1.2% on 2019, and up 6.2% on 2020 to £1,885.6m
Group reported revenue up 4.4% to £1,871.6m
Adjusted operating profit of £102.0m, ahead of market expectations and up 22.0%
Basic earnings per share of 9.8 pence, up 3.9 pence
Free cash flow of £91.2m, up £51.1m
Leverage of 1.9x within medium-term target range, delivered 6 months ahead of previous guidance
