Business
Travis Perkins PLC : Unaudited results for the ...
Travis Perkins PLC : Unaudited results for the ....
About this update from Travis Perkins Plc
[{"type":"text","content":"\n Travis Perkins PLC : Unaudited results for the full year ended 31st December 2016Travis Perkins plcUnaudited results for the full year ended 31st December 2016Solid performance in mixed markets £m Note2016 2015 Change Revenue 6,217 5,942 4.6% Like-for-like revenue growth 2.7% 3.8% Adjusted operating profit(1)6a409 413 (1.0)% Adjusted operating profit excluding property profits(1)6a392 389 0.8% Adjusted profit before taxation(1)6c381 382 (0.3)% Adjusted profit after taxation(1)6c301 307 (2.0)% Adjusted earnings per share(1)(2)11b120.4p 124.1p (3.0)% Free cash flow 13436 317 37.5% Dividend per share 1245.0p 44.0p 2.3% Lease adjusted ROCE(3)1510.9% 11.6% (0.7)ppt Operating profit(4) 100 254 (60.6)% Property profits 6a17 24 (29.2)% Operating profit excluding property profits 6a83 230 (63.9)% Profit before taxation 73 224 (67.4)% Profit after taxation 14 168 (91.7)% Basic earnings per share(2)11a5.1p 67.8p (92.5)% Cash generated from operations 503 350 43.7%(1)The term \"adjusted\" is used to signify that the effects of exceptional items, impairment of goodwill and other intangible and tangible assets, amortisation of intangible assets and the associated tax impacts have been excluded from the disclosure being made.(2)Weighted average share count in 2016 was 249,073,416 (2015: 247,302,865)(3)2015 has been restated for comparative purposes to allow for impairments in 2016 against goodwill and other intangible and tangible assets in City Plumbing, PTS, F&P, bathrooms.com, Solfex and Tile Giant(4)Including non-cash impairment charge of £235m recognised against goodwill and other intangible and tangible assets in City Plumbing, PTS, F&P, bathrooms.com, Solfex and Tile GiantFull year highlightsRevenue increased by 4.6%, like-for-like revenue up 2.7% (6.6% two-year like-for-like)Adjusted operating profit, excluding property profits, increased by £3m to £392m (2015: £389m)The balance sheet was further strengthened with net debt reduced by £69m to £378m Strong free cash flow generation of £436m at a cash conversion rate of 107% (2015: 77%), used to fund £187m of growth capital expenditureFull-year dividend increased 2.3% to 45.0p per share, reflecting confidence in cash generation Network expansion continued, with net 25 new branches and stores opened (82 gross)Lease adjusted return on cap...