The Northgate equity story


Although underlying EPS has declined in recent years, the recovery potential is strong and EPS will recover as we grow the fleet.

Underlying EPS (p)

Cash flow

Our underlying operations are cash generative, giving us the opportunity to invest in fleet during periods of growth. During periods of contraction we can sell vehicles to generate cash.

Underlying free cash flow (£m)

Financial Strength

Our balance sheet value continues to grow and demonstrates our underlying financial strength.

Net asset value per share (p)


Our scale enables us to enjoy greater synergies and provide a wider range of services to customers.

Fleet Size ('000)

Shareholder returns

We operate a progressive dividend policy and continue to grow our dividend within our cover range providing sustainable returns to investors.

Dividend per share (p)


Northgate participates in a growing market which is underpinned by a structural shift away from ownership towards rental. Our recently enhanced service and product offering allows us to penetrate more deeply into these markets meaning that we are well positioned for growth.