StockMarketWire.com - Conviviality's revenues rose by 85% to £1,560m in the 52 weeks to the the end of April.

Gross margins rose by 1.3 percentage points to 13.3% (FY16: 12.0%) and adjusted EBITDA more than doubled to to £60.9m (FY16: £30.2m).

Other highlights:

- Adjusted profit before tax up 111% to £45.8m (FY16: £21.7m)

- Profit before tax up 147% to £22.5m (FY16: £9.1m)

- Adjusted fully diluted EPS up 48% to 21.0p (FY16: 14.2p)

- Fully diluted EPS up 136% to 10.4p (FY16: 4.4p)

- Free cash flow up 349% to £51.2m (FY16: £11.4m)

- Net debt of £95.7m (FY16: £86.1m)

- Full year dividend up 33% to 12.6p (FY16: full year dividend 9.5p)

Chief executive Diana Hunter said: "I am pleased to report a strong set of results that demonstrate our focus and commitment to serving our customers well, working in partnership with our suppliers and delivering against our strategic plans.

"The balance we have created across the enlarged Group, and resilience this creates, gives us confidence in the future success of the business.

"Importantly the culture that we have created at Conviviality, with its entrepreneurial and innovative focus, remains true across the Group and we firmly believe there is exciting potential for significant organic growth for our businesses, with further potential opportunities to build on the current platform."








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