Revenue
EBITDA
Adjusted Earnings per Share
Dividend per Share
The overall financial outcome for the Group was a profit before tax of €63.3 million (2022: €62.5 million) while operating profit was €68.4 million (2022: €66.7 million). EBITDA generated was €132.6 million (2022: €127.2 million) from total revenues of €572.0 million (2022: €584.9 million).
Five year summary
|
2023 |
2022 |
2021 |
2020 |
2019 |
|
|
€m |
€m |
€m |
€m |
€m |
|
|
Summary extract of Income Statement |
|||||
Revenue |
572.0 |
584.9 |
334.5 |
277.1 |
357.4 |
Operating expenses and employee benefits expense |
(439.4) |
(457.7) |
(282.2) |
(235.0) |
(270.6) |
Depreciation and amortisation |
(64.2) |
(60.5) |
(52.5) |
(41.3) |
(36.8) |
68.4 |
66.7 |
(0.2) |
0.8 |
50.0 |
|
|
Non-trading items 1 |
- |
- |
- |
(11.2) |
14.9 |
Interest (net) |
(5.1) |
(4.2) |
(3.9) |
(7.6) |
(3.4) |
Profit / (loss) before taxation |
63.3 |
62.5 |
(4.1) |
(18.0) |
61.5 |
Taxation |
(1.7) |
(2.7) |
(0.8) |
(1.0) |
(1.3) |
Profit / (loss) for the year |
61.6 |
59.8 |
(4.9) |
(19.0) |
60.2 |
EBITDA |
132.6 |
127.2 |
52.3 |
42.1 |
86.8 |
|
Per share information: |
€cent |
€cent |
€cent |
€cent |
€cent |
Earnings per share |
|||||
-Basic |
36.2 |
33.6 |
(2.6) |
(10.2) |
31.7 |
|
-Adjusted basic 2 |
35.5 |
33.6 |
(2.7) |
(4.3) |
23.8 |
Dividend per share (declared) |
14.80 |
14.09 |
9.00 |
- |
4.42 |
|
Shares in issue at year end: |
m |
m |
m |
m |
m |
-At year end |
166.2 |
170.8 |
182.8 |
187.0 |
187.4 |
-Average during the year |
169.9 |
177.8 |
186.7 |
187.0 |
189.8 |
|
Summary extract of Statement of Financial Position |
€m |
€m |
€m |
€m |
€m |
Property, plant and equipment, right-of-use and intangible assets |
406.9 |
405.6 |
387.3 |
353.0 |
353.5 |
Retirement benefit surplus |
39.4 |
33.6 |
6.7 |
1.0 |
12.5 |
Other assets |
127.0 |
134.7 |
117.9 |
224.9 |
225.8 |
Total assets |
573.3 |
573.9 |
511.9 |
578.9 |
591.8 |
Equity capital and reserves |
282.3 |
260.8 |
249.7 |
265.9 |
287.9 |
Retirement benefit obligation |
0.5 |
0.4 |
1.4 |
2.2 |
3.7 |
Other non-current liabilities |
71.9 |
195.8 |
154.8 |
141.6 |
229.3 |
Current liabilities |
218.6 |
116.9 |
106.0 |
169.2 |
70.9 |
Total equity and liabilities |
573.3 |
573.9 |
511.9 |
578.9 |
591.8 |
|
Summary extract of Consolidated Statement of Cash Flows |
|||||
Net cash inflow from operating activities |
128.6 |
126.3 |
57.8 |
46.1 |
84.8 |
Net cash (outflow) / inflow from investing activities |
(40.2) |
(72.7) |
(52.7) |
7.8 |
(52.3) |
Net cash outflow from financing activities |
(80.9) |
(52.8) |
(117.4) |
(14.4) |
(46.5) |
Cash and cash equivalents at the beginning of the year |
39.0 |
38.5 |
150.4 |
110.9 |
124.7 |
Effect of foreign exchange rate changes |
0.3 |
(0.3) |
0.4 |
- |
0.2 |
Closing cash and cash equivalents |
46.8 |
39.0 |
38.5 |
150.4 |
110.9 |
|
€m |
€m |
€m |
€m |
€m |
|
Net debt |
(143.7) |
(171.1) |
(142.2) |
(88.5) |
(129.0) |
|
Times |
Times |
Times |
Times |
Times |
|
|
Net debt / EBITDA 3 |
1.0x |
1.2x |
2.6x |
2.1x |
1.5x |
Gearing (net debt as a percentage of shareholders’ funds) |
51% |
66% |
57% |
33% |
45% |
- Non-trading items are material non-recurring items that derive from events or transactions that fall outside the ordinary activities of the Group and which individually, or, if of a similar type, in aggregate, are separately disclosed by virtue of their size or incidence.
- Adjusted basic earnings per share exclude pension interest and non-trading items.
- Calculated per bank covenant definitions to exclude effects of lease debt.