The Tristel Board is recommending that the final dividend is 3.93 pence (2021: 3.93 pence), reducing the dividend cover to 0.88 times from the standard 2 times. This final dividend will be paid to shareholders on the register on 18 November and the associated ex-dividend date is 17 November 2022.
Other financial highlights include:
Turnover steady at £31.1m (2021: £31.0m) with 3% growth in continuing products to £29.6m (2021: £28.6m)
Overseas sales continue to grow, up 2% to £20.1m (2021: £19.6m), representing 65% of total sales (2021: 63%)
Gross margin remained steady at 79% (2021: 80%)
Adjusted EBITDA margin of 24% (2021: 27%)
Adjusted pre-tax profit* of £4.5m (2021: £5.4m)
Reported pre-tax profit of £1.5m (2021: £3.8m)
Adjusted EPS of 8.40p (2021: 11.36p restated), Reported EPS of 1.96p (2021: 7.86p restated)
Net cash of £8.9m (2021: £8.1m), with continued strong operating cashflow of £5.6m (2021: £6.7m)
