The Kingspan Group Board has proposed a final dividend of 23.8 cent (2021: 26.0 cent) per ordinary share payable on 9 May 2023 to shareholders registered on the record date of 14 April 2023. An interim dividend of 25.6 cent per ordinary share was declared during the year (2021: 19.9 cent). In summary, therefore, the total dividend for 2022 is 49.4 cent compared to 45.9 cent for 2021. This payout is in line with our shareholder returns policy.
Other financial highlights include:
• Revenue up 28% to €8.3bn, (pre-currency, up 25%).
• Trading profit up 10% to €833m, (pre-currency, up 7%).
• Acquisitions contributed 9% to sales growth and 8% to trading profit growth in the year.
• Milestone EBITDA of c. €1bn (2021: €893.2m) in the financial year. Group trading margin of 10.0%, a decrease of 160bps.
• Basic EPS up 8% to 329.5 cent.
• Year end net debt of €1,539.6m (2021: €756.1m). Net debt to EBITDA4 of 1.62x (2021: 0.88x).
• ROCE of 15.9% (2021: 19.5%), or 16.5% after annualised impact of acquisitions.
