The Board was pleased to reinstate dividend payments, declaring an interim dividend of 0.8 pence per share in September 2022. The proposed final dividend of 1.6 pence per share brings the total dividend for 2022 to 2.4 pence per share.
The final dividend, if approved by Shareholders, will be paid on 12 May 2023 to Shareholders on the register at close of business on 14 April 2023. The ex-dividend date is 13 April 2023. It remains the Board's current intention to reduce dividend cover from the current level of 3 times to 2.5 times by financial year 2024.
Other Financial Highlights:
- Total revenue increased by 42.1% to £385.7 million (2021: £271.4 million).
- Organic revenue up 39.0% compared to 2021 and 2.7% compared to 2019.
- Adjusted EBITDA of £104.9 million (2021: £67.9 million) with a margin of 27.2% (2021: 25.0%).
- Adjusted Operating Profit of £41.2 million (2021: £12.7 million).
- Operating Profit of £33.3 million (2021: £8.4 million).
- Adjusted Profit before Taxation of £38.2 million (2021: £9.4 million).
- Profit before Taxation of £30.3 million (2021: £5.1 million).
- Strong balance sheet and capacity for further investment.
- Ongoing £27.5 million share buyback programme with £11.4 million deployed to date.
- The Board expects the result for 2023 to be in line with market expectations.
