The Renishaw Board is reinstating the dividend programme and has approved an interim dividend of 14.0 pence net per share (2020: nil) which will be paid on 6 April 2021 to shareholders on the register on 5 March 2021.
Principal risks and uncertainties
The Board has considered the risks and uncertainties which could have a material effect on the Group's performance and position. Whilst there is continuing uncertainty regarding both the impact of COVID-19 and Brexit, as well as global macroeconomic conditions and trade tensions, the overall impact and likelihood of our principal risks is not considered to have changed significantly. This conclusion also reflects the mitigation undertaken by the Group in response to these risks. The principal risks and uncertainties set out on pages 26 to 36 of the 2020 Annual Report therefore remain relevant.
Other financial highlights include:
· First half-year revenue of £255.1m (H1 2019/20: £259.4m)
· Significant improvement in profitability in the first half as the benefits of our Fit for the Future strategy continued to be felt:
- adjusted profit before tax of £43.4m (H1 2019/20: £14.3m)
- statutory profit before tax of £63.9m (H1 2019/20: £9.9m)
· Robust balance sheet with net cash and bank deposit balances of £186.6m, compared with £120.4m at 30 June 2020
|
|
6 months to 31 December 2020 |
6 months to 31 December 2019 |
Year ended 30 June 2020 |
|
|
|
|
|
|
Revenue (£m) |
255.1 |
259.4 |
510.2 |
|
|
|
|
|
|
Adjusted profit before tax (£m) |
43.4 |
14.3 |
48.6 |
|
|
|
|
|
|
Adjusted earnings per share (pence) |
49.2 |
15.1 |
51.0 |
|
|
|
|
|
|
|
|
|
|
|
Statutory profit before tax (£m) |
63.9 |
9.9 |
3.2 |
|
|
|
|
|
|
Statutory earnings per share (pence) |
72.1 |
10.2 |
0.4 |
