Carphone Warehouse 2015 Annual Report Download - page 22

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Dixons Carphone plc Annual Report and Accounts 2014/15
Strategic report
Performance review
20
Highlights: 13 months to 2 May 2015
• Group like-for-like revenue(3) up 6% (UK & Ireland up 8% and Nordics up 4%)
• Strong profit performance:
– Group pro forma Headline PBT(1) of £381 million (2013/14: £316 million), up 21%
– Group pro forma Headline basic EPS(1) (2) 25.5p (2013/14: 20.5p)
– Total statutory profit of £97 million (2013/14: £48 million) after Non-Headline(1) charges of £188 million (2013/14: £55 million)
which include a loss from discontinued operations of £114 million (2013/14: £10 million)
• Strong balance sheet with year end pro forma net debt of £260 million(8)
• Final dividend of 6.0p (2013/14: 4.0p) proposed, taking total dividends for the year to 8.5p (2013/14: 6.0p), up 42%
year-on-year
• Integration progressing well, expecting to deliver at least £80 million of synergies by 2016/17, one year ahead of plan
• Disposals of non-core operations in France, Germany, the Netherlands and Portugal
Pro forma results – continuing business
Headline revenue(1) Headline profit / (loss)(1)
Note
2014/15
£million
2013/14
£million
Local
currency
% change
Like-for-like(3)
% change
2014/15
£million
2013/14
£million
UK & Ireland (4) 6,451 6,011 8% 8% 306 242
Nordics (5) 2,718 2,895 4% 4% 86 102
Southern Europe (6) 637 768 (10)% (5)% 14 10
Connected World Services (7) 130 78 67% N/A 8 5
Group 9,936 9,752 6% 6% 414 359
Net finance costs
(33) (43)
Profit before tax 381 316
Tax
(88) (80)
Profit after tax
293 236
See notes on page 21 for basis of preparation