Safestore Holdings plc (SAFE.L) reported that its full year profit before tax increased to 398.6 million pounds from 207.8 million pounds, prior year. Earnings per share increased to 170.1 pence from 91.8 pence. On a total basis, underlying EBITDA decreased by 4.8% to 135.4 million pounds, and on a constant currency basis by 4.2%. Adjusted EPRA earnings per share was 42.3 pence compared to 47.9 pence.
For the year ended 31 October 2024, revenue was 223.4 million pounds, 0.3% behind last year, or 0.2% ahead on a constant currency basis. Revenue grew 1.1% year on year at constant exchange rates, excluding the insurance premium tax relating to the sale of customer goods insurance in the UK in 2023 not repeated this year. Like-for-like revenue was flat year on year on a CER basis.
The Board recommended a final dividend of 20.4 pence per share resulting in a full year dividend up 1% to 30.4 pence per share.
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