The Sanne Board has declared an interim dividend of 4.7 pence per share (H1 2018: 4.6p). The dividend will be paid on 18 October 2019 to shareholders on the register as at the close of business on the record date of 20 September 2019.
Other financial highlights include:
H1 results (under IFRS 16):
o Constant currency revenue growth of 17.4% (2018: 19.5%)
o Continued very strong Alternatives revenue growth of 25.2% (2018: 20.3%), especially in North America and Asia-Pacific
o Margin lower than previous expectations, as already announced in July trading update
o Cash generation improved with underlying operating cash conversion of 118% (2018: 67.9%)
o Statutory profits impacted by one-off costs in H1 of AgenSynd earn-out accrual and South Africa intangibles impairment
Record levels of new business wins from both new and existing customers with annualised fees of approximately £16.0 million won in the first six months (H1 2018: £11.5 million)
Actions implemented to improve margin in H2
Committed to continued investment to support the Group's growth ambitions in its core markets and products
Successful refinancing of Group facilities provides additional flexibility
Recently acquired businesses successfully integrated and already adding value to the group
Martin Schnaier took over as CEO on 16 May 2019
