The Board has declared a final ordinary dividend of 21.3p per ordinary share which is subject to the approval of shareholders at the 2023 Annual General Meeting, and if approved will be paid in June 2023. This follows an interim dividend of 7.5p, and takes the total dividend in respect of FY22 to 28.8p. The Dividend Reinvestment Plan is available to ordinary shareholders and the final date for receipt of elections to participate is 26 May 2023.
Other Financial Highlights:
- Group revenue of £8.1bn: up 15% on an organic basis - supported by recovering vehicle volumes - and 18% reported
- Adjusted PBT of £373m (2021: £249m), driven by topline growth, higher margins and operating leverage
- Statutory profit before tax of £333m (2021: £149m) reflects adjusting items of £40m; statutory loss £(6)m
- Highly cash generative and attractive returns: 2022 free cash flow of £380m (92% cash conversion) and 41% ROCE
