Hill & Smith Plc has declared an interim dividend for FY 2022 of 13.0p per share (2021: 12.0p). The interim dividend will be paid on 6 January 2023 to shareholders on the register on 2 December 2022.
Other Financial Highlights:
Good H1 performance
o +9% revenue and +10% operating profit constant currency growth
o Highlights the resilience of chosen long term end markets and the benefits of autonomous operating model
o Pricing actions taken to recover input cost inflation; confidence in ability to manage full year
o Proforma Group (including France Galva) revenue and operating profit of £397.2m and £48.4m respectively, in line with announcement made on 18 July 2022
Progress on portfolio management
o Proposed disposal of lower growth, lower margin French galvanizing and lighting column business
o Completed exit of Swedish rental business and low margin road traffic control product portfolio in US
Board expectations for full year remain unchanged prior to adjustment for favourable FX rates
Strong balance sheet supports future growth
