Business
Final Results
Final Results.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \nRNS Number : 3828F Halfords Group PLC 23 May 2013 \n \n\n \n23 May 2013\nHalfords Group plc\nPreliminary Results Financial Year 2013\n \nHalfords Group plc, the UK's leading retailer of automotive and leisure products and leading independent operator in garage servicing and auto repair, today announces its preliminary results for the 52 weeks to 29 March 2013 (\"the period\"). All numbers shown in this statement are before non-recurring costs, unless otherwise stated.\n \nGroup Financial Summary\n \n\n\n\n\n\n\n\nFY13\n£m\n\n\nFY12\n£m\n\n\n% \nChange\n\n\n\n\nTotal Group Revenue\n\n\n871.3\n\n\n863.1\n\n\n+1.0\n\n\n\n\nRetail\n\n\n745.5\n\n\n752.3\n\n\n-0.9\n\n\n\n\nAutocentres\n\n\n125.8\n\n\n110.8\n\n\n+13.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n\n\n\n\n\n\n\nRetail\n\n\n53.3%\n\n\n53.1%\n\n\n+12bps\n\n\n\n\nHalfords Autocentres\n\n\n63.7%\n\n\n65.9%\n\n\n-221bps\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit Before Tax, before non-recurring items\n\n\n72.0\n\n\n92.2\n\n\n-21.9\n\n\n\n\nBasic Earnings Per Share, before non-recurring items \n\n\n27.7p\n\n\n33.7p\n\n\n-17.8\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit Before Tax, after non-recurring items \n\n\n71.0\n\n\n94.1\n\n\n-24.5\n\n\n\n\nBasic Earnings Per Share, after non-recurring items\n\n\n27.2p\n\n\n34.2p\n\n\n-20.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet Debt\n\n\n110.6\n\n\n139.2\n\n\n-20.5\n\n\n\n\nProposed Final Dividend Per Share\n\n\n9.1p\n\n\n14.0p\n\n\n-35.0\n\n\n\n\nProposed Full-Year Dividend Per Share\n\n\n17.1p\n\n\n22.0p\n\n\n-22.3\n\n\n\n\n \nKey Points For The Year\n· Group revenues up 1.0% \n· Successful implementation of areas of strategic focus, particularly Car Maintenance and Online fulfilment\n· Broadly-flat Retail gross margin and a decline in the Autocentres gross margin reflecting tyre mix \n· Retail operating costs up 5.3% with investment in colleagues and strategic initiatives\n· Decline in profit before tax and non-recurring items of 21.9%, in line with expectations\n· 23 new Autocentres opened as investment for long-term growth continues\n· Free cashflow of £71.8m and net debt down 20.5%\n· Final dividend of 9.1 pence proposed\n ...