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Annual Report 2018/19 - Morrisons Corporate
Morrisons Annual Report and Financial Statements Broader, stronger.
Online Review of 2018/19

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Meaningful, sustainable growth: Financial Highlights

+4.8%
Group like-for-like (LFL) sales (exc. fuel)
£406m +8.6%
Profit before tax, exceptional items and net pension interest
£265m
Free cash flow generation
12.60p +24.9%
Total dividend

Our six priorities We are making progress on our six priorities as we continue to listen and learn from our colleagues and customers:

To be more competitive

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To serve customers better

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Find local solutions

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Develop popular and useful services

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To simplify and speed up the organisation

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To make core supermarkets strong again

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Six priorities in action Reducing Plastic

We have introduced a number of initiatives to help our customers reduce and recycle the plastic they use

Nutmeg

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Local solutions

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Naturally Wonky

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Digital

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Our business model and our five ways of working Our five ways of working underpin our business model:

Business Model

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Customers first

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Teamwork

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Freedom in the framework

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Listening and responding

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Selling, controlling costs, growing profits, and removing waste

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Creating value

Our four stakeholder ambitions

  • An improving shopping trip informed by listening
  • More customers, buying more from us, more often
  • Customers can get what they want, when they want it
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