Financial summary
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Group LFL sales(1) ex-fuel/ex-VAT up 4.8% (2017/18: 2.8%)
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Total revenue up 2.7% to £17.7bn (2017/18: £17.3bn), up 4.7% on a 52-week basis
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Profit before tax and exceptionals(2) up 8.6% to £406m (2017/18: £374m), and up 10.0% on a 52-week basis
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EPS before exceptionals(2) up 8.0% to 13.17p (2017/18: 12.19p)
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Statutory PBT after £86m exceptional items, down 15.8% to £320m (2017/18: £380m)
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Free cash flow(3) of £265m (2017/18: £350m, including £108m disposal proceeds)
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Free cash flow adjusted for disposal proceeds, operating working capital, and onerous payments up £44m (up 17.5%) to £296m (2017/18: £252m)
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EPS before exceptionals(2) up 8.0% to 13.17p (2017/18: 12.19p)
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Statutory PBT after £86m exceptional items, down 15.8% to £320m (2017/18: £380m)
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Free cash flow(3) of £265m (2017/18: £350m, including £108m disposal proceeds)
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Free cash flow adjusted for disposal proceeds, operating working capital, and onerous payments up £44m (up 17.5%) to £296m (2017/18: £252m)
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Net debt £997m (2017/18: £973m)
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Net pension surplus of £688m (2017/18: £594m)
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ROCE increased to 7.9% (2017/18: 7.7%)
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Final ordinary dividend of 4.75p, taking the full-year ordinary dividend to 6.60p
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Further special dividend of 4.00p, taking the full-year special dividend to 6.00p
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Full-year total dividend up 24.9% to 12.60p (2017/18: 10.09p)
https://www.investegate.co.uk/morrison- ... 00046656S/