Gibbs And Dandy

Gibbs and Dandy Announces Record Results for the year to 31 Dec 2004

10.03.2005

Pre-tax profit (before exceptionals), up 17.1% to £5.24m (£4.48m), on record sales of £57.7 million (an increase of 4.0%).
Earnings per share (before exceptionals) up 16.7% to 35.7p (30.6p – restated)
Pre-tax profit and earnings per share after exceptionals were £5.03m and 33.6p respectively.
Final dividend 9.5p, making total for year of 15p per share, up 15.4%
Net margin (before exceptionals) increased to 9.0% (2003 – 8.0%)
Continuing strong cash generation
Chairman states....”To enable us to achieve such growth we are increasing our resources, particularly in building up our team of key people. We are also investing further in our infrastructure through a selective programme of capital investment”
Chairman concludes…”This year has started moderately. The increases in interest rates last year have undoubtedly resulted in some slow down in the housing market. Overall I expect 2005 to be a further year of progress and I firmly believe that the future growth prospects for the company remain strong. Although the industry is consolidating, we strongly believe that there remains a place in the market for a good regional independent builders merchant providing excellent service to customers.”

To view the Chairman’s statement, click here

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