Consensus

£m FY26 FY27 FY28
Total sales 12,725 13,163 13,737
Total sales growth (%) 11.1% 3.4% 4.4%
Profit before tax and adjusting items 850 890 974
Adjusted basic EPS (p) 11.40 12.13 13.59
Dividend per share (p) 1.01 1.10 1.22
Free cash flow 384 473 563
Notes As of 19 December 2025
15 of 18 analysts included
(consensus estimates exclude stale forecasts from Kepler Cheuvreux, Morgan Stanley and UBS)