Dennis Millard - Chairman

Chairman's Statement

Dennis Millard Chairman

“To complement the product offer, store colleagues are charged with providing expert customer advice and delivering a suite of value-for-money wefit services.”

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Corporate video

Corporate video - life on the move

life on the move

Financial Highlights

Revenue

+4.6%

at £869.7m (2010: £831.6m)

Underlying Operating Profit*

+7.0%

at £128.1m (2010: £119.7m)

Operating profit was £120.6m (2010: £112.3m)

Profit before tax

+7.7%

at £118.1m (2010: £109.7m)

Underlying Profit before tax*

+7.2%

at £125.6m (2010: £117.1m)

Underlying Basic earnings per share*

+8.8%

at 43.2p (2010: 39.7p)

Basic earnings per share was 40.7p (2010: 36.8p)

Dividend per ordinary share

+10.0%

at 22.0p (2010: 20.0p)

Group at a Glance

The Halfords Group operates through two reportable segments or strategic business units “Retail” and “Car Servicing” — in the United Kingdom (UK) and the Republic of Ireland (ROI).

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Market Review

The economic climate during the last year has created uncertainty for customers and reduced household incomes. This has affected customers’ spending patterns; they have less disposable income and a greater ...

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