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● ● King sher Final results for the year ended 31 January 2021 Financial summary Sales * Gross profit Gross margin % * Operating profit Statutory pre - tax profit Statutory post - tax profit Statutory basic EPS ● Cash and bank overdrafts Total dividend ( 1 ) Adjusted metrics Retail profit * Retail profit margin % * Adjusted pre - tax profit * Adjusted pre - tax profit margin % * Adjusted effective tax rate * Adjusted post - tax profit * Adjusted basic EPS * Free cash flow * Net debt * ( 2 ) 2020/21 £ 12,343m £ 4,573m 37.1 % £ 916m £ 756m £ 592m 28.1p £ 1,136m 8.25p £ 1,003m 8.1 % £ 786m 6.4 % 23 % £ 604m 28.7p £ 938m £ ( 1,394 ) m % Total Change 2019/20 Reported £ 11,513m £ 4,255m 37.0 % £ 283m £ 103m £ 8m 0.4p £ 195m 3.33p £ 786m 6.8 % £ 544m 4.7 % 26 % £ 400m 19.1p £ 191m £ ( 2,526 ) m + 7.2 % + 7.5 % + 10bps + 223.7 % + 634.0 % n / a n / a n / a n / a % Total Change Constant currency * Highlights Supporting colleagues , customers and communities - swift and robust action taken throughout the COVID crisis + 6.8 % + 6.9 % + 27.5 % + 27.4 % + 130bps + 130bps + 44.4 % + 170bps n / a + 51.0 % + 50.3 % + 391.1 % n / a % LFL * Change Constant currency + 7.1 % Supportive market drivers and new trends - offering longer - term growth opportunities • Emerging from the COVID crisis stronger - improved competitive position in all key markets and strong new customer growth and digital adoption , with c . 10 million new online customers Resuming dividends - progressive , sustainable dividend policy established ( target dividend cover * of 2.25-2.75x ) New strategy delivering - empowered banners supported by Group scale , strength & expertise Strong financial performance - driven by new strategy , agility in management in response to the COVID crisis , and strong demand for home improvement FY 20/21 Group results Sales up 6.8 % in constant currency , driven by strong trading from Q2 and reduced disruption LFL sales up 7.1 % with growth across all banners in the UK & Ireland * , France * , Poland , Romania and Portugal LFL sales up 15.5 % in Q4 20/21 with growth across all retail banners and categories E - commerce sales * up 158 % ; now 18 % of total Group sales ( FY 19/20 : 8 % ) Click & collect sales up 226 % ; 78 % of Group e - commerce sales ( FY 19/20 : 62 % ) Retail profit up 27.4 % in constant currency , largely driven by B & Q performance Adjusted pre - tax profit up 44.4 % , including c . £ 85 million of non - recurring net cost savings * in FY 20/21 Statutory pre - tax profit up 634 % , reflecting higher operating profit and significantly lower exceptional adjusting items * Free cash flow of £ 938 million , up £ 747 million , reflecting higher operating profit , working capital inflow of £ 376 million and lower capex Net debt to EBITDA * of 0.9x as at year - end ( 31 January 2020 : 2.0x ) Dividend payments resumed with a proposed total dividend per share of 8.25p for FY 20/21 1