NCC Group announce an unchanged interim dividend of 1.50p (H1 2022: 1.50p) per ordinary share declared, as the Board prioritises investment in the new strategy
Other financial highlights include:
•Group revenue grew +10.2% at constant currency 1 (+17.7% actual rates), driven by North America and UK & APAC Assurance
•Group gross margin (%) decreased -1.5% pts due to a decline in Assurance of -2.1% pts due to lower utilisation and the reinstatement of NCC Conferences that gave rise to a direct and indirect cost
•Group operating profit and profit before taxation increased by +27.7% and +22.6% respectively
•The Group remains prudently leveraged at 1.0x, with net debt excluding lease liabilities of £54.8m following cash conversion of 91.0% (H1 2022: 74.7%)
