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Last 829.50 GBp
Change Today -3.00 / -0.36%
Volume 638.6K
GNK On Other Exchanges
Symbol
Exchange
London
OTC US
Berlin
OTC US
As of 11:35 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

greene king plc (GNK) Key Developments

Greene King plc Announces Trading Update for the 36 Weeks to January 11, 2015

Greene King plc announced trading update for the 36 weeks to January 11, 2015. For the period, the company reported total sales were up 5.9% after 36 weeks, with LFL sales growth of 0.6%. Retail like-for-like (LFL) sales in the last six weeks were in line with last year, against growth of 5.0% in the same period last year, and slower trading in Scotland due to a combination of the new drink-driving laws and poorer weather. Excluding Scotland, Retail LFL sales were up 0.6% in the last six weeks. Retail LFL sales in the two weeks over Christmas and the New Year were up 2.0% against growth of 6.4% in the same period last year.

Greene King plc to Report 9 Months Period Ending Jan 11, 2015 Sales/Trading Statement Results on Jan 19, 2015

Greene King plc announced that they will report 9 months, period ending Jan 11, 2015 sales/trading statement results on Jan 19, 2015

Greene King plc Declares Interim Dividend, Payable on 23 January 2015; Reports Unaudited Consolidated Earnings Results for the Half Year Ended October 19, 2014

The board of Greene King plc has declared an interim dividend of 7.95 pence per share, up 4.6% on last year, reflecting underlying growth in earnings and confidence in the long-term growth prospects for the company. The interim dividend will be paid on 23 January 2015 to those shareholders on the register at the close of business on 19 December 2014. The company reported unaudited consolidated earnings results for the half year ended October 19, 2014. For the period, the company reported revenue of GBP 614.9 million against GBP 595.4 million a year ago. Operating profit was GBP 114.1 million against GBP 105.0 million a year ago. Profit before tax was GBP 72.0 million against GBP 65.6 million a year ago. Profit attributable to equity holders of parent was GBP 64.3 million or 29.3 pence per diluted share against GBP 68.6 million or 31.4 pence per diluted share a year ago. Net debt as on October 19, 2014 was GBP 1,362.4 million. EBITDA was GBP 152.5 million against GBP 155.6 million a year ago. Net cash flow from operating activities was GBP 115.3 million against GBP 111.8 million a year ago. Purchase of property, plant and equipment was GBP 76.8 million against GBP 75.1 million a year ago. In the 24 weeks to 19 October, and on a retained business basis, the company achieved group revenue growth of 5.3%, which converted into operating profit growth of 1.8%. Due to lower Retail LFL sales growth, labour and utility cost increases in Retail and the ongoing change in channel mix within Brewing & Brands, the retained business operating margin fell 70 basis points. The company expects the decline in operating margin for the retained business to moderate slightly over the course of the full year due to improved trading, increased cost savings and lower net cost inflation. Adjusted earnings per share for the retained business were up 5.3% in the period, and this, combined with the strength of people, brands and strategy, gives the confidence to increase dividend per share by 4.6% to 7.95 pence. The company also delivered a return on capital employed of 9.2%, in line with the end of the previous financial year, but a 20 bps improvement over the first half last year. Statutory profit before tax was GBP 72.0 million against GBP 65.6 million a year ago. Adjusted basic earnings per share was 29.9 pence against 30.4 pence a year ago.

Greene King plc, Spirit Pub Company plc - M&A Call

Greene King plc, Spirit Pub Company plc - M&A Call

Greene King plc Announces Executive Changes

Matthew Fearn, Greene King plc's chief financial officer, has been absent from work since February with a long-term illness. The board has appointed Kirk Davis as chief financial officer in his place and he is expected to join the company, and the board, in the New Year. Kirk joined J D Wetherspoon plc in 2008 as deputy finance director and has been its finance director since March 2011.

 

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GNK

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Valuation GNK Industry Range
Price/Earnings 18.3x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 10.8x
TEV/Sales 1.3x
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