
Chairman
Chairman’s statement
Read moreThe past year has seen us deliver another outstanding financial performance. The execution of our business strategy, supported by our strong market position and differentiated business model, is extending our leadership position in the UK and we are making encouraging progress towards replicating that success in Germany.
Statutory Revenue
£ 2960 m
2022/23 £2,625M
Adjusted Profit Before Tax
£ 561 m
2022/23 £413M
Statutory Profit Before Tax
£ 452 m
2022/23 £375M
Adjusted basic earnings per share
206 .9 p
2022/23 162.9p
Statutory basic earnings per share
161 .0 p
2022/23 138.4p
Dividend per share
£ 97 .0 p
2022/23 74.2p
Adjusted operating cash flow
£ 787 m
2022/23 £719m
Lease-adjusted net debt to adjusted EBITDAR
2 .9 x
2022/23 2.6x
Total shareholder returns
£ 756 m
2021/22 £119m
Chief Executive’s Review
Delivering a step-change in performance
We are the clear market leader in the UK and have a number of strategic and commercial initiatives, that will strengthen our position further. In Germany, we are building a business of real scale and remain on course to become the number one hotel brand achieving our long-term target of 10%–14% return on capital.
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Chief Executive
Chief Financial Officer’s Review
Delivering long-term sustainable returns
Our strong revenue and profit performance meant that Group ROCE increased to 13.1% and UK ROCE increased to 15.5%. We believe that our vertically integrated business model means we are particularly well-placed to capitalise on the significant structural opportunities in both the UK and Germany.
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Chief Financial Officer
Case studies
Our performance
UK
Our largest and most profitable market is driven by high volumes of domestic travel with additional inbound travel from international markets. With a significant decline in the independent sector and limited new room growth from other branded operators, a favourable supply backdrop is expected to continue for a number of years.
Germany
The German hotel market is 40% larger than the UK and shares a number of attractive structural characteristics that helped drive Premier Inn’s success in the UK. Having grown rapidly in recent years, we are on course to become Germany’s number one hotel brand, delivering profitable growth and attractive long‑term returns on capital.
Our Teams
Force for Good
£ 2 .4 m
Raised for Great Ormond Street Hospital Children’s Charity
€ 907 k
Raised for Children for a Better World e.V (CHILDREN)
1384
Hours donated to local community charities
Community
The community pillar is all about making a meaningful contribution to the customers and communities we serve.

Governance
During the year, we were fully compliant with the provisions of the 2018 UK Corporate Governance Code.
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