Marshalls Group have declared an interim dividend of 5.7 pence per share which represents an increase of 21 per cent compared with the prior year comparative. The dividend will be paid on 1 December 2022 to shareholders on the register at the close of business on 21 October 2022. The shares will be marked ex-dividend on 20 October 2022.
Other financial highlights include:
Revenue growth of 17 per cent reflecting two months contribution from Marley and growth of 7 per cent on a like for like basis
Adjusted operating profit of £48.0 million, an increase of 15 per cent on 2021 (statutory operating profit: £27.3 million; 2021: £41.0 million)
Adjusted profit before tax of £44.6 million, an increase of 13 per cent on 2021
Profit before tax on a statutory basis was £23.9 million (2021: £38.9 million) reflecting the impact of adjusting items of £20.7 million
Adjusted basic earnings per share up 5 per cent at 16.4 pence per share (statutory earnings per share: 7.9 pence; 2021: 15.3 pence)
Net debt of £252.3 million reflects the bank funding implemented to partially fund the acquisition of Marley
Construction Product Association's ("CPA's") latest Summer forecast predicts growth in total construction output of 2.5 per cent in 2022 and 1.6 per cent in 2023, with strong growth in infrastructure
