Business
Interim Results and update on Board succession
Interim Results and update on Board succession.
About this update from Domino's Pizza Group Plc
[{"type":"text","content":"\n \nRNS Number : 9740H Domino's Pizza Group PLC 06 August 2019 \n\n \n \nLEI: 213800Q6ZKHAOV48JL75\n6 August 2019\nThis announcement contains inside information\nDOMINO'S PIZZA GROUP plc\nINTERIM RESULTS FOR THE 26 WEEKS ENDED 30 JUNE 2019 \nGood UK & Ireland performance; International remains challenging\n\n\n\n\n \n\n\n26 Weeks Ended\n30 June 2019\n\n\n26 Weeks Ended\n1 July 2018\n\n\nChange\n\n\n\n\nGroup System Sales1\n\n\n£645.8m\n\n\n£616.6m\n\n\n+4.7%\n\n\n\n\nUK & ROI System Sales1\n\n\n£596.0m\n\n\n£565.1m\n\n\n+5.5%\n\n\n\n\nUK Like-for-Like2 System Sales1 excluding impact of split territories\n\n\n+3.9%\n\n\n+5.9%\n\n\n \n\n\n\n\nUnderlying3 Profit before tax\n\n\n£42.3m\n\n\n£45.7m\n\n\n(7.4%)\n\n\n\n\nUnderlying3 Basic EPS\n \n\n\n7.5p\n\n\n7.8p\n\n\n(3.8%)\n\n\n\n\nDividend per share\n\n\n4.20p\n\n\n4.05p\n\n\n3.7%\n\n\n\n\nNet debt\n\n\n£238.8m\n\n\n£182.1m\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSTATUTORY REPORTING\n\n\n \n\n\n \n\n\n \n\n\n\n\nStatutory Revenue (restated)4,6 \n\n\n£295.6m\n\n\n£285.6m\n\n\n+3.5%\n\n\n\n\nStatutory Profit Before Tax\n \n\n\n£30.5m\n\n\n£41.7m\n\n\n(26.9%)\n\n\n\n\nStatutory Basic EPS\n\n\n5.3p\n\n\n7.2p\n\n\n(26.4%)\n\n\n\n\nAll commentary below is on an underlying basis unless otherwise stated\nFinancial headlines\n· Group system sales up 4.7% \n· Robust UK & Ireland performance:\no UK like-for-like excluding splits up 3.9% (1.8% including splits), with an improving trend through the half (LFL excluding splits Q1: 3.1%, Q2: 4.8%)\no ROI like-for-like excluding splits up 6.9% (5.4% including splits)\no UK & Ireland operating profit £51.6m, up 7.1% \n· International performance remains challenging:\no International system sales down 3.4%, up 0.4% on a constant currency basis\no International operating loss £6.4m, versus £1.8m loss in H1 2018\n· Net debt £238.8m, 2.2x Net Debt/EBITDA, impacted by a working capital build of £22m due to Brexit-related stock building and some timing issues which are expected to unwind\n· Interim dividend +3.7% to 4.20p \nStrategic headlines and outlook\n·&nb...