|
Reported results (before exceptional items) |
Year ended 31 May 2017 |
Year ended 31 May 2016 |
Reported % change |
Constant |
Like for like |
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|
Revenue |
£809.2m |
£821.2m |
(1.5%) |
0.9% |
0.9% |
|
Operating profit |
£106.3m |
£108.5m |
(2.0%) |
(0.9%) |
(0.9%) |
|
Profit before tax |
£103.5m |
£103.0m |
0.5% |
1.7% |
1.7% |
|
Adjusted basic earnings per share |
16.85p |
17.22p |
(2.1%) |
(2.2%) |
(2.2%) |
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|
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|
|
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|
|
Statutory results (after exceptional items) |
|
|
|
|
|
|
Operating profit |
£90.8m |
£89.2m |
|
|
|
|
Profit before tax |
£88.0m |
£83.7m |
|
|
|
|
Basic earnings per share |
15.34p |
16.16p |
|
|
|
|
Total dividend per share |
8.28p |
8.11p |
|
|
|
|
Net debt |
(£143.8m) |
(£147.1m) |
Group
· Solid performance with profit before tax slightly ahead of the prior year despite a challenging macro environment particularly in the Group's largest market of Nigeria
· Brand shares maintained or growing in all the Group's major markets and categories
· Successful on time completion of three year project to implement SAP in all markets
· Strong balance sheet with net debt at 1.1 x EBITDA
· Dividend increased 2.1% marking 44th consecutive year of year on year increases
Africa
· All businesses in Nigeria traded relatively well despite significant year-on-year currency devaluation and lack of liquidity
· Group's diverse brand portfolio working well with product offerings at all price points catering for a consumer under significant inflationary pressure
Asia
· Strong second half performance in Asia driven by continued improvement of results in Australia
· A further year of good growth momentum in Indonesia with new product launches performing well
Europe
· Robust performance in UK washing and bathing division underpinned by product renovation and despite competitive market conditions
· Significant innovation within Beauty division including the launch of a new range of products targeting millennials under the Being by Sanctuary sub-brand