FY15 earnings were ahead of expectations reflecting improving returns as gross margins increased from 30.0% to 30.7% partly driven by strong Q415 rebates and improved buying terms with suppliers. With the capex cycle nearing conclusion, the group is generating strong cash flows and year end net cash increased from £24.6m to £43.9m. This provided for an 18% increase in ordinary dividend as well as a special dividend of 6p for the 2015 year, a total yield of 5.5% at the current shar
03 Mar 2016
FY15 earnings growth 18%; special dividend award
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FY15 earnings growth 18%; special dividend award
Headlam Group plc (HEAD:LON) | 173 -6.1 (-2.0%) | Mkt Cap: 139.8m
- Published:
03 Mar 2016 -
Author:
Ben Thefaut -
Pages:
6
FY15 earnings were ahead of expectations reflecting improving returns as gross margins increased from 30.0% to 30.7% partly driven by strong Q415 rebates and improved buying terms with suppliers. With the capex cycle nearing conclusion, the group is generating strong cash flows and year end net cash increased from £24.6m to £43.9m. This provided for an 18% increase in ordinary dividend as well as a special dividend of 6p for the 2015 year, a total yield of 5.5% at the current shar