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William Hill Final Results

Practical discussions about equity High-Yield Portfolios (HYP) for income
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daveh
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William Hill Final Results

#34165

Postby daveh » February 24th, 2017, 9:06 am

Can be found here:
www.investegate.co.uk/article.aspx?id=2 ... 7391X&fe=1

Financial results

- Group net revenue up 1% to £1,603.8m

- Adjusted operating profit1 of £261.5m in line with revised guidance

- Adjusted EPS2 of 22.3p, down 10%

- Strong cash generation with operating cash flow of £265.9m

- Balance sheet remains healthy with net debt for covenant purposes3 at 1.8x EBITDA (2015: 1.3x)

- Full-year dividend maintained at 12.5p per share, reflecting the Group's continued strong cash flow and the Board's confidence in delivery of strategic priorities and future growth

As far as I can see adjusted EPS is down 10% and unadjusted EPS by 13% after a 'troubled' year, but the company claims to have made a good start to 2017.

The important bit:
The proposed final dividend of 8.4p will, subject to shareholder approval, be paid on 8 June 2017 to all shareholders on the register on 28 April 2017. In line with the requirements of IAS 10 - 'Events after the Reporting Period', this dividend has not been recognised within these results. The Group estimates that approximately 858 million shares will qualify for the final dividend.

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