Lokn’Store has reported a strong set of interims with sales up +11.5% and adj. EBITDA up +8.6% driven by occupancy up +8.0% and pricing +1.4%. Two new stores were opened in the half and the current pipeline of 8 stores will add 27% to trading space. Management has expressed confidence in the outlook, its objective is to open more landmark stores while remaining conservatively geared, delivering sustainable growth and consistently increasing dividends (the interim dividend was raised +10
29 Apr 2019
Lok'nStore - Exciting pipeline of new landmark stores
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Lok'nStore - Exciting pipeline of new landmark stores
Lok'nStore Group plc (LOK:LON) | 1,108 0 0.0% | Mkt Cap: 364.3m
- Published:
29 Apr 2019 -
Author:
Guy Hewett -
Pages:
8
Lokn’Store has reported a strong set of interims with sales up +11.5% and adj. EBITDA up +8.6% driven by occupancy up +8.0% and pricing +1.4%. Two new stores were opened in the half and the current pipeline of 8 stores will add 27% to trading space. Management has expressed confidence in the outlook, its objective is to open more landmark stores while remaining conservatively geared, delivering sustainable growth and consistently increasing dividends (the interim dividend was raised +10