PLC | Investors

Five year record

The statistics below reflect the latest published information. For financial years prior to 2020, these figures represent the comparatives from the following years’ financial statements, except figures for 2019 and 2018 which have been restated for IFRS 16 ‘Leases’ and IFRS 15 ‘Revenue from contracts with customers’ respectively (see below). 2018 figures have not been restated for IFRS 16. Korea was first classified as a discontinued operation during the 2016 financial year, and Turkey during 2017. In respect of the discontinued operation in Turkey, 2016 statistics have been re-presented to be consistent with 2017.


During the 2018 financial year, the Group reassessed its reportable segments and determined that the retailing and associated activities previously disclosed within the International segment should be disaggregated into the Central Europe and Asia segments. Refer to Note 2. The Group redefined profit APMs during 2019 to exclude the amortisation of acquired intangibles. Historical data for the redefined measures have not been restated as the impact is not considered material. The Group adopted IFRS 9 ‘Financial instruments’ and IFRS 15 during the 2019 financial year, neither of which had a material impact on the Group’s performance. The financial data for the 2018 financial year has been restated for IFRS 15.


The Group adopted IFRS 16 during the 2020 financial year. Refer to Notes 1 and 37 for details. Figures for 2019 have been restated but prior historical data has not. Refer to Note 1 and the Glossary for a full list of APMs and their definitions, as well as changes to APMs.

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  2016 2017 2018
(restated)(a)
2019
(restated)(b)
2020(c)
Financial statistics (£m)          
SalesΔ          
UK & ROI 37,189 37,692 38,656 44,883 45,752
Central Europe 5,268 5,977 6,343 6,030 5,332
Asia 4,447 5,186 4,947 4,873 5,218
Tesco Bank 955 1,012 1,047 1,097 1,068
Group sales(e) 47,859 49,867 50,993 56,883 57,370
Revenue          
UK & ROI 43,080 43,524 44,914 51,643 52,898
Central Europe 5,451 6,195 6,585 6,298 5,576
Asia 4,447 5,186 4,947 4,873 5,218
Tesco Bank 955 1,012 1,047 1,097 1,068
Group revenue 53,933 55,917 57,493 63,911 64,760
Operating profit/(loss) before exceptional items and amortisation of acquired intangiblesΔ(e)          
UK & ROI 503 803 1,059 1,868 2,230
Central Europe 102 58 119 221 156
Asia 218 262 299 319 426
Tesco Bank 162 157 169 199 193
Group operating profit/(loss) before exceptional items and amortisation of acquired intangiblesΔ(e) 985 1,280 1,646 2,607 3,005
Operating profit margin before exceptional items and amortisation of acquired intangiblesΔ 1.8% 2.3% 2.9% 4.1% 4.6%
Operating profit/(loss)          
UK & ROI 597 519 1,205 1,949 1,944
Central Europe 111 190 212 279 85
Asia 203 231 277 252 415
Tesco Bank 161 77 145 169 74
Group operating profit/(loss) 1,072 1,017 1,839 2,649 2,518
Share of post-tax profits/(losses) of joint ventures and associates (21) (107) (6) 32 18
Net finance costs (849) (765) (533) (1,064) (1,221)
Profit/(loss) before tax 202 145 1,300 1,617 1,315
Taxation 54 (87) (306) (347) (380)
Profit/(loss) for the year from continuing operations 256 58 994 1,270 935
Discontinued operations (127) (112) 216 - 38
Profit/(loss) for the year 129 (54) 1,210 1,270 973
Attributable to:          
Owners of the parent 138 (40) 1,208 1,272 971
Non-controlling interests (9) (14) 2 (2) 2
Profit before tax, exceptional items and amortisation of acquired intangibles, net pension finance costs and fair value remeasurements of financial instrumentsΔ(e) 509 781 1,284 1,806 2,276
Other financial statistics          
Diluted earnings/(losses) per share – continuing operations 3.22p 0.81p 12.11p 13.04p 9.54p
Diluted earnings per share – continuing operations before exceptional items and amortisation of acquired intangibles, net pension finance costs and fair value remeasurements of financial instrumentsΔ(e) 5.79p 7.30p 11.90p 14.01p 18.23p
Dividend per share(d) - - 3.00p 5.77p 9.15p
Cash generated from retail operating activities (£m)Δ 2,581 2,278 2,773 3,637 4,241
Free cash flow (£m)Δ 1,482 1,288 1,388 889 1,866
Return on capital employed (ROCE)(e) 6.2% 8.1% 11.0% 7.9% 9.1%
Total shareholder return(e) (11.8%) (7.5%) 8.7% 10.2% 5.2%
Net debt (£m)Δ(e) 5,110 3,729 2,625 13,204 12,298
Discounted operating lease commitments - continuing operations 7,814 7,440 6,931 - -
Pension deficit, net of deferred tax – Group (£m) 2,612 5,504 2,728 2,338 2,573
Total indebtedness (£m)Δ(e) 15,536 16,673 12,284 15,542 14,871
Enterprise value (£m)(e) 20,101 19,262 19,452 35,024 34,676
           
Group retail statistics          
Number of stores(f) 6,733 6,809 7,033 6,993 7,005
Total sales area (’000 sq. ft.)(f) 91,195 89,041 92,983 91,298 87,552
Average employees 475,399 464,520 448,988 464,505 423,092
Average full-time equivalent employees (FTE) 351,289 342,770 327,916 321,490 293,963
           
UK & ROI Retail statistics          
Number of stores(f) 3,743 3,739 3,952 3,961 3,968
Total sales area (’000 sq. ft.)(f) 45,253 43,610 42,032 50,521 50,401
Average full-time equivalent employees (FTE) 225,378 218,522 210,312 223,542 210,768
Revenue (exc. fuel) (per FTE – £) 165,007 172,486 183,804 200,781 217,073
Weekly revenue (exc. fuel) (per sq. ft. – £) 15.68 16.31 17.36 18.65 17.11

 

 

(a) Restated for IFRS 15, excludes Booker.

(b) Restated for IFRS 16.

(c) 53 weeks. 

(d) Dividend per share relating to the interim and proposed final dividend. 

(e) See Glossary for definitions. 

(f) Including franchise stores.