Business
Preliminary Results: Financial Year 2017
Preliminary Results: Financial Year 2017.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \nRNS Number : 1711G Halfords Group PLC 25 May 2017 \n\n \nHalfords Group plc\nPreliminary Results: Financial Year 2017\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 31 March 2017 (\"the financial year\"). The audited comparative period represents the 52 weeks to 1 April 2016 (\"the prior year\"). All numbers shown in this statement are before non-recurring items, unless otherwise stated.\n \nGroup Financial Summary \n\n\n\n\n \n\n\nFY17\n£m\n\n\nFY16\n£m\n\n\n \n%\n \n\n\nLike-for-Like Revenues (\"LFL\")*\n\n\n \n\n\n\n\nRevenue\n\n\n1,095.0\n\n\n1,021.5\n\n\n+7.2%\n\n\n+2.7%\n\n\n \n\n\n\n\nRetail\n\n\n938.4 \n\n\n868.5\n\n\n+8.0%\n\n\n+3.1%\n\n\n \n\n\n\n\nAutocentres\n\n\n156.6 \n\n\n153.0 \n\n\n+2.4%\n\n\n+0.6%\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\nRetail\n\n\n48.6%\n\n\n51.2%\n\n\n-260 bps\n\n\n \n\n\n\n\nAutocentres\n\n\n65.1%\n\n\n64.3%\n\n\n+80 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\nUnderlying EBITDA*\n\n\n108.7\n\n\n114.6\n\n\n-5.1%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nUnderlying Profit Before Tax* \n\n\n75.4\n\n\n81.5\n\n\n-7.5%\n\n\n \n\n\n\n\nBasic Underlying Earnings Per Share*\n\n\n30.3p\n\n\n33.2p \n\n\n-8.7%\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 non-recurring items\n\n\n71.4\n\n\n79.8\n\n\n-10.5%\n\n\n \n\n\n\n\nBasic Earnings Per Share, after non-recurring items\n\n\n28.7p\n\n\n32.5p \n\n\n-11.7%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Debt: Underlying EBITDA ratio*\n\n\n0.8x\n\n\n0.4x\n\n\n \n\n\n \n\n\n\n\nProposed Full-Year Ordinary Dividend Per Share\n\n\n17.51p\n\n\n17.00p\n\n\n+3.0%\n\n\n \n\n\n\n\nSpecial Dividend Per Share - paid February 2017\n\n\n10.00p\n\n\n-\n\n\n \n\n\n \n\n\n\n\n \n* These alternative performance measures are defined in the glossary on page 3\n \nRevenue gr...