26 May 2016Regulatory announcements
Group news

The full announcement is available here

HIGHLIGHTS

52 weeks ended
31 March
2014

53 weeks ended
31 March
2013

Increase

Revenue

£212.2m

£208.5m

1.7%

Net revenue

£113.7m

£105.7m

7.7%

Gross margin

45.7%

43.0%

2.7ppts

Operating profit

£45.4m

£41.0m

10.6%

Profit before tax

£46.0m

£41.3m

11.5%

Diluted earnings per share

52.6p

45.3p

16.1%

Dividend per share (full period)

35.3p

30.4p

16.1%

Retail Payments and Services and Collect+

  • UK & Ireland retail network net revenue increased 6.0%, with continued strong growth in retail services supported by the expansion of the network
  • Romanian bill payment transactions were up 53.5% to 39.1 million, increasing profitability
  • Collect+ profitable and now available in 5,600 sites with transactions up 76.4% to 13.6 million

Mobile and Online (PayPoint.net, PayByPhone and Adaptis)

  • Merged into one business
  • Mobile increased transactions to over 32 million, up 44.7%
  • Online transactions have grown by 8.7%
  • Acquired Adaptis in February 2014

Group

  • Record group transaction volume at 768 million, up 3.9%, with growth in Retail and Mobile and Online channels
  • Proposed final dividend of 23.9p, up 18.3% on prior period, reflects the board's confidence in the business
  • Launched new brand

Enquiries

PayPoint plc (telephone:01707 600 317)
Dominic Taylor, Chief Executive
George Earle, Group Finance Director

Finsbury (telephone: 0207 2513 801)
Rollo Head
Charlotte Whitley

A presentation for analysts is being held at 11.45am today (29 May 2014) at Finsbury Group, Tenter House, 45 Moorfields London EC2Y 9AE

The full announcement is available here

1. Net revenue is revenue less the cost of mobile top-ups (where PayPoint is principal), SIM cards and other costs incurred by PayPoint, which are recharged to clients and merchants. These costs include retail agent commission, card payment merchant service charges and costs for the provision of call centres for mobile parking clients. Net revenue is a measure which the directors believe assists with a better understanding of the underlying performance of the group.
2. The reported period of 1 April to 31 March 2014 contains 365 days. In the 2012 annual report, we announced we would move reporting to a calendar year basis from the last Sunday in the month of March. Comparative data is given for the 371 day period reported last year (i.e. 26 March 2012 to 31 March 2013). The impact of the extra week last year is generally to reduce stated growth by between 1 to 3 percentage points.
3. Operating profit including our share of joint venture results and excluding the £0.2m (2013: nil) costs associated with the acquisition of Adaptis Solutions Limited in the year.
4. Excludes special dividend in 2013.

PP - PayPoint plc published this content on 26 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2016 15:25:03 UTC.

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