2012-11-20 — /travelprnews.com/ — Strategy continues to deliver record profits, growth in profit margins and improved returns for shareholders
Results at a glance
2012 | 2011 | Change | |
---|---|---|---|
Total revenue (£ million) | 3,854 | 3,452 | +11.6% |
Profit before tax (£ million) | 317 | 248 | +27.9% |
Pre-tax margin (%) | 8.2% | 7.2% | +1.0ppt |
Basic earnings per share (pence) | 62.5 | 52.5 | +19.0% |
Proposed dividend – ordinary (pence per share) | 21.5 | 10.5 | +104.8% |
Return on Capital Employed (%) – excluding operating leases adjustment | 14.5% | 12.7% | +1.8ppt |
Return on Capital Employed (%) – including operating leases adjustment | 11.3% | 9.8% | +1.5ppt |
Return on equity | 14.6% | 14.0% | +0.6ppt |
Commenting on the results, Carolyn McCall easyJet Chief Executive said:
“These results demonstrate that easyJet is a structural winner in the European short-haul market against both legacy and low cost competition. The strength of easyJet’s business model and strategy coupled with the hard work and dedication of the easyJet team has delivered record profits as well as a significant increase in returns for shareholders during the year.
As evidence of its confidence in easyJet’s current position and future prospects the Board proposes to increase the dividend from 10.5p to 21.5p for the year ended September 2012 which will see our shareholders benefit from easyJet’s success with £85m of dividends.
“Whilst there is always the potential for unexpected events to temporarily impact financial results the Board of easyJet is confident that its business model, strategy and people will consistently continue to generate superior returns and growth for shareholders.”
For further details please contact easyJet plc:
Institutional investors and sale side analysts: | ||
Rachel Kentleton | Investor Relations | +44 (0) 7961 754 468 |
Tom Oliver | Investor Relations | +44 (0) 7950 996 262 |
Media: | ||
Paul Moore | Corporate Communications | +44 (0) 7860 794 444 |
Edward Simpkins | RLM Finsbury | +44 (0) 207 251 3801 |
+44 (0) 7947 740 551 |
There will be an analyst presentation at 9:30 am on 20 November 2012 at Nomura, One Angel Lane, London, EC4R 3AB.
A live webcast of the presentation will be available at www.easyJet.com
Audio Details
Playback Details
The replay service will be available up until 27 November 2012
View the full press release in PDF format.
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