Business
Results for the 52 weeks to 26 March 2022
Results for the 52 weeks to 26 March 2022.
About this update from Fuller, Smith & Turner P.l.c. Class A
[{"type":"text","content":"\n \n \n \n \n \n \n STRICTLY EMBARGOED\n \n \n \n \n UNTIL 7AM THURSDAY 9 JUNE 2022\n \n \n \n \n \n \n \n \n \n FULLER, SMITH & TURNER P.L.C.\n \n \n \n \n (\"Fuller's\", the \"Company\", or the \"Group\")\n \n \n \n \n Financial results for the 52 weeks to 26 March 2022\n \n \n \n \n \n \n \n \n \n Return to profitable growth with a strengthened Balance Sheet\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Financial and Operational Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY 2022\n \n \n \n \n £m\n \n \n \n \n \n FY 2021\n \n \n £m\n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n 253.8\n \n \n \n \n \n 73.2\n \n \n \n \n \n \n \n Group statutory profit/(loss) before tax\n \n \n \n \n \n \n 11.5\n \n \n \n \n \n (59.2)\n \n \n \n \n \n \n \n Adjusted profit/(loss) before tax1\n \n \n \n \n \n \n 7.2\n \n \n \n \n \n (48.7)\n \n \n \n \n \n \n \n Net debt2\n \n \n \n \n \n \n 131.9\n \n \n \n \n \n 218.1\n \n \n \n \n \n \n \n Adjusted earnings per share3\n \n \n \n \n \n \n 9.79p\n \n \n \n \n \n (72.09)p\n \n \n \n \n \n \n \n Basic earnings per share4\n \n \n \n \n \n \n 11.59p\n \n \n \n \n \n (87.31)p\n \n \n \n \n \n \n \n Dividend per share4\n \n \n \n \n \n \n 11.31p\n \n \n \n \n \n Nil\n \n \n \n \n \n \n \n \n \n \n All figures above are from continuing operations except for Group statutory profit/(loss) before tax which includes discontinued operations in the prior year\n \n \n \n \n 1 Adjusted profit/(loss) before tax is the profit/(loss) before tax excluding separately disclosed items.\n \n \n \n \n 2 Net debt comprises cash and short-term deposits, bank overdraft, bank loans, CCFF, debenture stock, preference shares and excludes IFRS 16 lease liabilities.\n \n \n \n \n 3 Calculated using adjusted profit/(loss) after tax and the same weighted average number of shares as for the basic earnings/(loss) per share and using a 40p ordinary share.\n \n \n \n \n 4 Calculated on a 40p ordinary share.\n \n \n \n \n \n \n \n \n \n \n \n ·\n Revenues recovered to £253.8 million (2021: £73.2 million) despite being significantly impacted during the year by coronavirus related closures, restrictions and working from home guidance\n \n \n ·\n Adjusted profit before tax returning to growth at £7.2 million (2021: loss £48.7 m...