2021 Preliminary Results
For the 52 weeks ended 1 January 2022
March 2022
Agenda
Highlights
Financial performance
Operational & strategic review
Current trading & outlook
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Emerging stronger and better
- Total sales up 5.3% on 2019 level to £1,229.7 million (2020: £811.3 million, 2019: £1,167.9 million)
- Pre-taxprofit of £145.6 million (2020: £13.7 million loss, 2019: £108.3 million profit)
- Strong cash position supporting planned capital investment programme and special dividend
- Special dividend of 40p per share, in addition to total ordinary distribution of 57p for 2021
- Colleague profit-sharing recommenced, will share £16.6 million with our people
- Significant progress against strategic ambitions
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2021 Financial Performance
Richard Hutton
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Income & expenditure overview
2021 | 2020 | 2019 | ||||
£m | £m | £m | ||||
Sales | 1,229.7 | 811.3 | 1,167.9 | |||
EBIT / (LBIT) before exceptional items* | 153.2 | (6.2) | 120.7 | |||
Finance expense (inc. leases) | (7.6) | (6.7) | (6.5) | |||
Profit/(loss) before taxation and exceptional items | 145.6 | (12.9) | 114.2 | |||
Net exceptional charge* | 0.0 | (0.8) | (5.9) | |||
Profit/(loss) before taxation | 145.6 | (13.7) | 108.3 | |||
Income tax (charge)/credit | (28.1) | 0.7 | (21.3) | |||
Profit/(loss) after taxation | 117.5 | (13.0) | 87.0 | |||
Diluted earnings/(loss) per share | 114.3p | (12.9p) | 85.0p | |||
* Exceptional charges related to costs of restructuring supply chain operations in prior years |
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Greggs plc published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 11:22:04 UTC.