fbd holdings plc (FBD) Snapshot

FBD Holdings plc reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenue was €389,810,000, net premium written was €296,609,000, total income was €340,297,000, profit before tax was €52,901,000, profit from continuing operations was €45,274,000 or 133 cents per diluted share, net profit was €49,022,000 and net profit attributable to equity holders of the parent was €48,923,000 or 144 cents per diluted share against revenue was €401,503,000, net premium written was €303,124,000, total income was €339,647,000, profit before tax was €50,250,000, profit from continuing operations was €41,618,000 or 123 cents per diluted share, net profit was €51,027,000 and net profit attributable to equity holders of the parent was €51,096,000 or 152 cents per diluted share a year ago. Return on equity was 21.7%. Net cash from operating activities was €39,584,000 compared to €32,746,000 a year ago. Purchase of property, plant and equipment was €10,187,000 compared to €5,409,000 a year ago. The group is guiding full year 2013 operating EPS of between EUR 0.145 and EUR 0.155 share excluding any exceptional event that may arise.

The board of FBD Holdings plc is recommending a final dividend payment of 30 cent per share against 23.25 cent per share a year ago, an increase of 29%, bringing the full 2012 dividend to 42.25 cent per share against 34.5 cent per share a year ago, an increase of 22.5%. This represents a dividend payout ratio of 24.6% based on operating earnings and 31.8% based on fully diluted earnings per share. This increase in dividend will help the group move towards its desired pay-out ratio while maintaining a high dividend cover and providing the potential for a progressive dividend in future years. The board intends to increase the 2013 interim dividend by a similar percentage. Subject to the approval of shareholders at the annual general meeting to be held on May 15, 2013, this final dividend for 2012 will be paid on May 22, 2013 to the holders of shares on the register on March 15, 2013.

FBD Holdings plc announced that they will report fiscal year 2012 results at 7:00 AM, GMT Standard Time on Mar 04, 2013