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CENTRICA PLC, July 27th 2023

ENTRICA PLC 27/07/2023 :
The company reported robust financial performance with adjusted operating profit (AOP) reaching £2.1 billion, a significant increase compared to £1.3 billion in 2022. Adjusted basic earnings per share (EPS) also rose to 25.8p from 11.0p in the previous year. The company’s statutory operating profit showed remarkable growth, amounting to £6.5 billion, compared to a loss of £1.1 billion in 2022. Statutory basic EPS was 73.0p, up from a loss of 14.7p in the previous year, largely driven by a non-cash pre-tax gain of £4.7 billion on certain re-measurements, reflecting the unwind of unrealized losses from UK energy supply hedging positions at the end of 2022. Group free cash flow increased to £1.4 billion, in line with the growth in AOP. The company reported a closing adjusted net cash of £3.1 billion, compared to £1.2 billion at the end of 2022. An interim dividend of 1.33p per share was declared, representing a 33% increase, and the share buyback program was extended by £450 million. The company expects full-year adjusted earnings and free cash flow for 2023 to be heavily weighted towards H1.

Date de publication :27/07/2023

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