Financial Highlights

Revenue
EBITDA
Adjusted Earnings per Share
Dividend per Share

The overall financial outcome for the Group was a profit before tax of €62.2 million (2023: €63.3 million) while operating profit was €69.1 million (2023: €68.4 million). EBITDA generated was €133.5 million (2023: €132.6 million) from total revenues of €603.8 million (2023: €572.0 million).

Preliminary Statement of Results 2024

Five year summary

2024

2023

2022

2021

2020

€m

€m

€m

€m

€m

Summary extract of Consolidated Income Statement

Revenue

603.8

572.0

584.9

334.5

277.1

Operating expenses and employee benefits expense

(470.3)

(439.4)

(457.7)

(282.2)

(235.0)

Depreciation and amortisation

(64.4)

(64.2)

(60.5)

(52.5)

(41.3)

69.1

68.4

66.7

(0.2)

0.8

Non-trading items 1

-

-

-

-

(11.2)

Interest (net)

(6.9)

(5.1)

(4.2)

(3.9)

(7.6)

Profit / (loss) before taxation

62.2

63.3

62.5

(4.1)

(18.0)

Taxation

(2.3)

(1.7)

(2.7)

(0.8)

(1.0)

Profit / (loss) for the year

59.9

61.6

59.8

(4.9)

(19.0)

EBITDA

133.5

132.6

127.2

52.3

42.1

Per share information:

€cent

€cent

€cent

€cent

€cent

Earnings per share

-Basic

36.3

36.2

33.6

(2.6)

(10.2)

-Adjusted basic 2

35.5

35.5

33.6

(2.7)

(4.3)

Dividend per share (declared)

15.54

14.80

14.09

9.00

-

Shares in issue at year end:

m

m

m

m

m

-At year end

164.6

166.2

170.8

182.8

187.0

-Average during the year

164.8

169.9

177.8

186.7

187.0

Summary extract of Consolidated Statement of Financial Position

€m

€m

€m

€m

€m

Property, plant and equipment, right-of-use and intangible assets

461.0

406.9

405.6

387.3

353.0

Retirement benefit surplus

52.3

39.4

33.6

6.7

1.0

Other assets

125.8

127.0

134.7

117.9

224.9

Total assets

639.1

573.3

573.9

511.9

578.9

Equity capital and reserves

322.3

282.3

260.8

249.7

265.9

Retirement benefit obligation

0.5

0.5

0.4

1.4

2.2

Other non-current liabilities

194.6

71.9

195.8

154.8

141.6

Current liabilities

121.7

218.6

116.9

106.0

169.2

Total equity and liabilities

639.1

573.3

573.9

511.9

578.9

Summary extract of Consolidated Statement of Cash Flows

Net cash inflow from operating activities

131.8

128.6

126.3

57.8

46.1

Net cash (outflow) / inflow from investing activities

(29.2)

(40.2)

(72.7)

(52.7)

7.8

Net cash outflow from financing activities

(107.8)

(80.9)

(52.8)

(117.4)

(14.4)

Cash and cash equivalents at the beginning of the year

46.8

39.0

38.5

150.4

110.9

Effect of foreign exchange rate changes

(0.3)

0.3

(0.3)

0.4

-

Closing cash and cash equivalents

41.3

46.8

39.0

38.5

150.4

€m

€m

€m

€m

€m

Net debt

(162.2)

(143.7)

(171.1)

(142.2)

(88.5)

Times

Times

Times

Times

Times

Net debt / EBITDA 3

0.5x

1.0x

1.2x

2.6x

2.1x

Gearing (net debt as a percentage of shareholders’ funds)

50%

51%

66%

57%

33%

  1. 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.
  2. Adjusted basic earnings per share exclude pension interest and non-trading items.
  3. Calculated per bank covenant definitions to exclude effects of lease debt.