The Finsbury Food Group Board of Directors is proposing an interim dividend of 0.87p per share to be paid on 20 April 2023 to shareholders on the register at the close of business on 24 March 2023 (H1 2021: 0.83p paid on 21 April 2022). The election deadline for participants in the Company's Dividend Re-investment Plan will be 28 March 2023.
Other financial highlights include:
Group revenue up 14.7% to £190.9 million (H1 2021: £166.5 million).
Operating profit flat at £6.5 million with operating profit margin mainly reflecting the impact of inflationary pressures.
Group EBITDA £12.0 million (H1 2021: £11.9 million).
Profit before tax £6.1 million (H1 2021: £5.7 million).
Basic EPS (pence per share) 3.7p (H1 2021: 3.2p) and 0.87p per share interim dividend proposed to be paid on 20 April 2023 (0.83p 21 April 2022).
Net bank debt £22.8 million (excluding IFRS 16 debt), representing 0.8 times annualised EBITDA of the Group (YE 22: £20.6 million). £120 million facility: £60 million RCF and £60 million accordion since last year.
