Final results for the 52 weeks ended 27 December 2015
2015 results
- Group revenues £685m up 7.9%
- Like-for-like sales up 1.5%
- EBITDA £128.0m up 9.4%
- Operating profit £88.9m up 10.5%
- Profit before tax £86.8m up 11.2%
- EPS 33.8p up 12.8%
- Free cash flow £97.2m up £11.7m
Record financial performance
Full year dividend 17.4p, up 13%
Good progress on new openings
- 44 new sites opened in the year
- New sites generating consistently strong returns on investment
- Strong pipeline of new sites
Business well positioned for further profitable growth in 2016 and beyond
Danny Breithaupt, Chief Executive commented:
“TRG has made good progress in 2015 and, despite difficult trading conditions, delivered double digit growth in profits and earnings per share. Our strategy of improving the balance of the portfolio is starting to take shape. During the year we opened 44 new restaurants and pubs, taking us past 500 sites for the first time, an important milestone for the business. Our new sites are set to deliver strong returns.
In common with most consumer businesses we will again have some challenges to face in 2016. However, I am confident that the underlying strengths of our business will enable us to successfully navigate our way through this more challenging external environment.
TRG is a people business and these results could not have been achieved without the hard work, dedication and commitment of all our teams across the country. I would like to take this opportunity to thank all of our people for their contribution and I look forward to leading them through what I am sure will be another exciting year for TRG in 2016.”