Centaur's Board will pay an interim dividend of 0.5p per share (HY 2020: 0p). This follows the announcement at Centaur's preliminary results in March 2021, where the Board recommended the resumption of its normal dividend policy, which aims to distribute 40% of adjusted. earnings after taxation, subject to a minimum aggregate total of 1p per share per year.
Other financial highlights include:
Reported revenues grew 22% to £18.3m, with robust revenue growth across both Xeim (up by 20% to £14.8m) and The Lawyer (up by 30% to £3.5m)
Group adjusted EBITDA increased to £2.2m (HY 2020: £0.9m) as a result of revenue growth and margin improvements
Flagship brands driving growth and now represent two-thirds of Group sales
Adjusted EBITDA margin grew to 12% (HY 2020: 6%) due to impact of operational gearing
Encouraging progress towards MAP23 targets of 23% adjusted EBITDA margin and more than £45m revenues by 2023
Net cash of £11.9m as at 30 June 2021 (HY 2020: £8.4m)
