Cerillion PLC are to declare an increased interim dividend of 3.3p per share (H1 2022: 2.6p), a 27% rise year-on-year. The interim dividend will become payable on 23 June 2023 to those shareholders on the Company's register as at the close of business on the record date of 2 June 2023. The ex-dividend date is 1 June 2023.
As previously stated, the Board aims to distribute between a third to a half of the Group's free cash flow as dividends each year, subject to the Group's performance and the Board's assessment of the trading environment.
Other financial highlights include:
Revenue up 27% to £20.5m (H1 2022: £16.1m), reflecting ongoing major implementation projects for new customers and new orders from existing customers
Annualised recurring revenue at 31 March 2023 up 34% to £13.1m (H1 2022: £9.8m), mainly driven by increased uptake of managed services
Adjusted EBITDA up 38% to £10.0m (H1 2022: £7.2m)
Adjusted profit before tax up 46% to £9.2m (H1 2022: £6.3m)
Adjusted earnings per share up 37% to 25.5p (H1 2022: 18.6p)
Back-order book up 8% to £43.0m (H1 2022: £39.7m)
Total new orders up 40% to £15.3m (H1 2022: £10.9m)
New customer pipeline up 23% to a record £212.0m (H1 2022: £172.0m)
Net cash up 43% to £23.6m (31 March 2022: £16.5m)
