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H&T Investor Relations

Welcome to our investor relations centre. Here you will find up-to-date information on our share price and trading along with material of interest to existing and potential investors.

Preliminary Results

for the year ended 31 December 2014

H&T Group (“H&T” or the “Group”), is pleased to announce its preliminary results for the year ended

31 December 2014.

John Nichols, Chief Executive of H&T Group, said:

“The market has evolved rapidly over the last two years and has severely impacted many businesses in the sector.  H&T has focused on strengthening its balance sheet, controlling costs and driving retail revenues to de-risk the business and protect earnings in the short term.

We have simultaneously enhanced our capabilities and customer offering through brand, product and systems development.  With a strong operational infrastructure in place, a robust balance sheet and an evolving suite of products, we are well placed to return to profitable growth.”

 

Financial highlights  (£m unless stated) 2014 2013 Change %
Gross profit 45.7 49.9 -8.4%
Profit before tax 5.5 6.7 -17.9%
Diluted EPS 11.78p 13.40p -12.1%
Net debt 9.7 20.7 -53.1%
Proposed full year dividend 4.8p 4.8p 0.0%

 

Key performance indicators 2014 2013 Change %
 
Gross pledge book £38.5m £44.1m -12.7%
Redemption of annual lending * 80.0% 77.8% 2.8%
Retail sales £30.9m £24.9m 24.1%
Retail margin 34.6% 39.8% -13.1%
Purchase margin 17.9% 19.5% -8.2%
Number of stores 191 194 -1.5%

 

 

 

*Redemption of annual lending: 2013 is the actual percentage of lending which was redeemed or renewed; 2014 is an estimate based on recent trend and early performance.

 

Operational highlights:

 

  • Retail sales growth of 24.1% has been enhanced through brand redevelopment, point of sale, pricing policy and stock replenishment
  • Implementation of the “Expert Eye” system to support store valuation of specialist items
  • Continued development of our Personal Loans product
  • Launch of the online Personal Loans product


Preliminary Results

for the year ended 31 December 2014

 

Enquiries:

 

H&T Group plc 

Tel: 0870 9022 600

John Nichols, Chief Executive

Steve Fenerty, Finance Director

 

Numis Securities (Broker and Nominated Adviser)          

Tel: 020 7260 1000

Etienne Bottari / Freddie Barnfield – Nominated Adviser

Mark Lander – Corporate Broking

 

Haggie Partners (Public Relations)

Tel: 020 7562 4444

Damian Beeley

Brian Norris

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