The Board has approved an interim dividend of 3.55 pence per share (H1 2019: 3.55). The interim dividend will be paid on 17 April 2020 to shareholders whose names are on the register at close of business on 20 March 2020. The associated ex-dividend date will be 19 March 2020.
Other financial highlights include:
Total revenue increased 10.8% on a reported basis and 8.3% on a constant exchange rate (CER) basis
o Total Catalogue revenue growth of 11.6% on a reported basis (9.1% CER) to £130.6m (H1 2019: £117.0m)
o In-house Catalogue revenue growth of 16.3% on a reported basis (13.8% CER) to £59.1m (H1 2019: £50.8m)
Operating profit margin 19.2% (H1 2019: 26.8%) and adjusted operating margin 24.2% (H1 2019: 32.7%), reflecting planned investments in-line with five-year strategy and anticipated step up in non-cash items including depreciation and amortisation and share-based payments
Reported diluted EPS of 12.6 pence (H1 2019: 13.4 pence) and adjusted diluted EPS of 13.0 pence (H1 2019: 16.3 pence)
Net cash inflow from operating activities of £39.6m (H1 2019: 36.4m)
The Board is currently reviewing capital allocation priorities, including the dividend, in view of the significant investment opportunities available and intends to consult with shareholders
