17th May 2010
BIG YELLOW ANNOUNCES AUDITED RESULTS FOR THE YEAR AND
FOURTH QUARTER ENDED 31 MARCH 2010
Financial Highlights
Storage revenue for the fourth quarter increased by 5% to £13.7 million from £13.0 million for the same quarter last year.
Storage revenue for the second half of the year of £27.7 million up 1% compared to the first half of the year of £27.4 million.
Store EBITDA £32.7 million compared to £33.0 million in 2009
Adjusted profit before tax1 of £16.5 million up 20% (2009: £13.8 million)
Adjusted earnings per share2 up 9% to 12.99 pence (2009: 11.89 pence)
Group net debt reduced by £38.7 million to £269.4 million from £308.1 million at 31 March 2009
Final ordinary dividend of 4 pence per share declared (2009: nil pence per share)
