JTC Plc are to propose a final dividend of 6.88p, resulting in a 2022 dividend per share of 9.98p (2021: 7.67p) which was a 30.1% increase on prior year. This is consistent with their dividend policy to declare at 30% of adjusted underlying EPS.
Other FInancial Highlights:
- Revenue +35.6% achieving £200.0m milestone, driven by record net organic growth of 12.0% (2021: 9.6%)
- Underlying EBITDA +36.4% to £66.0m (2021: £48.4m) with an improvement in underlying EBITDA margin to 33.0% (2021: 32.8%)
- Record new business wins +17.7% to £24.6m (2021: £20.9m)
- Strong underlying cash conversion of 91% (2021: 87%) substantially reducing leverage in the period by 0.75x, bringing it to 1.59x underlying EBITDA at period end, towards the lower end of the guidance range of 1.5 to 2.0x, providing headroom for further growth
