Lewis Group expects HEPS for FY25 to rise 55% – 65% y/y to between 1,433c and 1,525c, up from 925c in FY24. Growth was driven by strong credit sales, expanding gross margins in H2, and continued growth in other revenue. Operating cost growth remained below revenue growth, while debtor costs declined slightly despite a larger debtors’ book. Collections remained strong, and the proportion of satisfactory paid accounts stayed at record levels, supporting profitability.
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