Business
Preliminary Results: Financial Year 2016
Preliminary Results: Financial Year 2016.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \nRNS Number : 8086Z Halfords Group PLC 01 June 2016 \n\nHalfords Group plc\nPreliminary Results: Financial Year 2016\n \nHalfords Group plc, the UK's leading retailer of motoring, cycling and leisure products and a leading independent operator in garage servicing and auto repair, today announces its preliminary results for the 52 weeks to 1 April 2016 (\"the financial year\"). The audited comparative period represents the 53 weeks to 3 April 2015 but we believe that the proforma 52-week results to 27 March 2015 better reflect the comparative performance of the business. On this basis, all commentary included in the summary statement, the Operational and Business Review and the Chief Financial Officer's Report in respect of the comparative period is based on the proforma 52-week period to 27 March 2015 (\"the prior year\") unless otherwise stated. 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\nFY16\n(audited 52 weeks)\n£m\n\n\nFY15\n(audited 53 weeks)\n£m\n\n\nFY15\n(proforma 52 weeks)\n£m\n\n\n \n52 week\nchange\n \n\n\nLike-for-Like Revenues (\"LFL\")\n\n\n \n\n\n\n\nTotal Group Revenue\n\n\n1,021.5\n\n\n1,025.4\n\n\n1,004.9\n\n\n+1.7%\n\n\n+1.5%\n\n\n \n\n\n\n\nRetail\n\n\n868.5\n\n\n875.1\n\n\n857.9\n\n\n+1.2%\n\n\n+1.3%\n\n\n \n\n\n\n\nAutocentres\n\n\n153.0\n\n\n150.3\n\n\n147.0\n\n\n+4.1%\n\n\n+2.5%\n\n\n \n\n\n\n\n \n\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\n\n \n\n\n\n\nRetail\n\n\n51.2%\n\n\n51.5%\n\n\n51.5%\n\n\n-30 bps\n\n\n \n\n\n\n\nAutocentres\n\n\n64.3%\n\n\n63.4%\n\n\n63.3%\n\n\n+90 bps\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGroup Underlying EBITDA\n\n\n114.6\n\n\n113.3\n\n\n109.9\n\n\n+4.3%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit Before Tax and non-recurring items\n\n\n81.5\n\n\n84.1\n\n\n81.1\n\n\n+0.5%\n\n\n \n\n\n\n\nBasic Earnings Per Share, before non-recurring items\n\n\n33.2p\n\n\n34.1p\n\n\n32.7p\n\n\n+1.5%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit Before Tax, after n...