Full Year 2019 Unite Group PLC Earnings Call Transcript

Feb 26, 2020 / 09:30AM GMT
Richard S. Smith - The Unite Group plc - CEO & Director

Hello, and good morning, everybody. Welcome to our university lecture theater to announce our results. And also, we've taken sort of student rules and ignored the guidance about drinks and sweets because I know you've all had a busy morning, busy morning of results and what seems, in the last few minutes, a busy morning of announcements as well relevant to our sector. But thank you, say, for coming along and -- for our results presentation today.

So we've delivered another very strong set of results. We're really pleased with the performance of the business. Earnings growth up 25% to GBP 110.6 million, EPS up 30 -- 15% to 39p. Dividend also up, up 14%, just over 33p. LTV at 37%, off the back of the Liberty transaction. And obviously, with a target to return to the mid-30s. And our total accounting return was 11.7%.

As you know, we also completed the transformational acquisition of Liberty. And we're really pleased with the progress that we made. We completed right at the end of November, so we've had the business now for just 3

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