Centaur's Board has announced an interim dividend for 2022 of 0.5p per share (H1 2021: 0.5p). This is in line with Centaur's dividend policy that 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:
Revenue grew 8% to £19.8m, with revenue growth across both Xeim (up by 9% to £16.1m) and The Lawyer (up by 6% to £3.7m
Flagship 4 brands represent 68% and higher quality revenue streams represent 78% of Group revenue
Adjusted EBITDA increased to £3.4m (H1 2021: £2.2m), an adjusted EBITDA margin of 17% (2021: 12%), with operational gearing from revenue growth and tight cost controls
Encouraging progress towards MAP23 targets of 23% adjusted1 EBITDA margin and more than £45m revenue by the end of 2023
Cash conversion of 125% has led to an enhanced net cash position of £14.2m (H1 2021: £11.9m) which together with a £10m undrawn RCF leaves Centaur well-positioned to invest in its Flagship 4 brands and manage macroeconomic uncertainty
