Media

16 May 2017

We announce our Preliminary results for 2016/17

We’ve announced our Preliminary results for the 52 weeks ended 1 April 2017
 

- Full year Group underlying sales (1.4%) lower; Q4 Group underlying sales down (1.0%)
- Market share growth in six of eight largest brands
- International sales increased +18%
- Underlying Trading profit £117.0m compared to £129.1m in FY15/16
- Adjusted profit before tax £74.2m; Statutory profit before tax £12.0m
- Net debt reduced to £523.2m from £534.2m*
- Pensions combined surplus £104.8m; Net present value of deficit contribution schedule £300-£320
 

<<To read and download the full release please click this link>>


*Net debt is defined as total borrowings, less cash and cash equivalents and less capitalised debt issuance costs.

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