Considering the Nichols Plc improved performance in the period and in-line with the Group's stated dividend policy of broadly 2x cover, the Board today proposes a final dividend of 15.3p which, together with the interim dividend paid, would result in a full year dividend for 2022 of 27.7p, representing a 19.9% increase year-on-year.
Subject to approval at the Group's AGM on 26 April 2023, payment will be made on 4 May 2023. The ex-dividend date and record date will be 23 March and 24 March 2023 respectively.
Other Financial Highlights:
- Group revenue increased by 14.3% to £164.9m (2021: £144.3m)
- UK revenues increased by 13.7% to £127.0m (2021: £111.6m)
- International revenues +16.1% to £38.0m (2021: £32.7m)
- Maintained Adjusted PBT Margin at 15.1%, despite significant inflationary pressures (2021: 15.1%)
- Continued strong cash performance with FCF of £14.6m (£18.9m excluding historic HMRC incentive scheme tax settlement during the year) (2021: £17.5m)
- Charge of £11.1m; £8.7m attributable to non-cash impairment of OoH intangible and fixed assets
