Financial overview

 

Group Financial Summary

      % Total
Change
% Total Change % LFL* Change
  2013/14
2012/13 Reported Constant currency Constant currency
Sales* £11,125m £10,573m +5.2% +3.5%(1) +0.7%
Retail profit*(2) £805m £778m +3.5% +0.7%(1)  
Adjusted* pre-tax profit £744m £715m +4.1%    
Adjusted basic EPS 23.4p 22.3p +4.9%    
Interim dividend 3.12p 3.09p +1.0%    
Final dividend 6.78p 6.37p +6.4%    
Full year dividend 9.9p 9.46p +4.7%    
Net cash* £238m £38m n/a    

*Throughout this page ‘*’ indicates terms defined or explained in the glossary PDF 30Kb

  1. On a 52 week basis*
  2. 2012/13 comparatives restated by £3m in the UK & Ireland division to reflect reclassification of pension administrative expenses from finance costs to retail profit, as per the amended IAS 19

2013/14 Highlights:

  • Good progress in tough environment
    • Extremely challenging Q1, remainder of year more encouraging, except for persistent weak economic backdrop in France*
    • Reported adjusted PBT up 4.1% and stronger underlying progress
      • Market share growth in France, UK and Poland
      • Grown Economic Profit (KEP*) to £74m
      • Strong free cash flow* generation of £559m after capital expenditure
  • Exceptional accounting gain of £131m principally relating to the successful resolution of the Kesa demerger French tax case
  • ‘Creating the Leader’ programme continues to progress, on-going self-help initiatives supporting short-term performance whilst positioning the business for future growth
  • B&Q UK & Ireland’s accelerated evolution now underway, led by strengthened team

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