Shareprice

Free Cashflow and EBITDA Conversion

£m/%† sales

Commentary
Free cash flow has improved this year due to lower capital investment and corporation tax payments. This was partially offset by increased working capital driven by a reduction in inventory purchases towards the end of year.

Why this measure is important
Dunelm is highly cash generative, and has the ability to make investment decisions for the long term to support growth, or to make capital distributions to shareholders. This KPI allows the Board to monitor cash flows carefully throughout the year as these decisions are made.

Link to business goals

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† Free Cash Flow and EBITDA Conversion % are presented after exceptional costs