Annual report and financial statements 2009
2008: £13bn +12%
Group turnover grew 12%, due to industry leading like-for-like store sales growth and strong fuel sales.
Like-for-like sales (ex-fuel)
Like-for-like sales, the measure of growth in existing stores, increased by 7.9%.
2008: £563m +13%
Underlying profit before tax increased by 13%, driven by the strong like-for-like sales performance and ongoing delivery of the Optimisation Plan.
2008: £543m +£99m
Net debt has only slightly increased in the year despite increased capital investment of £678m.
2008: £402m +£276m
Capital expenditure has increased, reflecting additional focus on growing the estate and supporting the Optimisation Plan.
2008: 4.8p +21%
Total dividend for the year has increased 21%, making dividend cover 2.9 times.