The Board is recommending the payment of a final dividend for the year ended 31 January 2023 of 10.1p per share, which would represent a total dividend of 14.6p for the year. The final dividend represents an increase of 20% on the final dividend in the prior year.
Other Financial Highlights:
- Group net revenue growth of 56% to £563.8m and statutory revenue growth of 53%, aided by acquisitions
- Organic net revenue growth of 20.7% with strong growth across all segments
- Adjusted profit before tax up 42% to £112.5m
- Statutory operating profit up 68% to £67.2m
- Adjusted diluted earnings per share increased by 35% to 80.4p
- Strong balance sheet with net cash of £26.1m at 31 January 2023
- Significant new client wins and expanded assignments with Morrisons, BiC and Mercedes-Benz
- Completed seven acquisitions, including the acquisition of Engine Acquisition Limited (“Engine”) in March 2022 for consideration of £67.3m, which has since been successfully integrated into the Group
- Mach49 entered into a five-year strategic alliance with a global technology and digital company, total fees over the initial life of the contract expected to be in excess of $400m
