The Mears Group Directors are to declare an interim dividend of 3.70p.
Other financial highlights include:
Strong Group revenues up 8% year-on-year to £525.6m (2022: £485.0m)
Adjusted profit before tax increased by 18% to £21.3m (2022: £18.1m)
Operating margins (pre-IFRS 16) continue to strengthen to 4.0% (2022: 3.9%)
Excellent cash performance with average daily adjusted net cash of £57.4m (2022: £28.4m)
Cash conversion at 117% of EBITDA (2022: 134%)
Adjusted net cash on 30 June 2023 of £116.1m (2022: £89.9m)
£20m share buyback program underway and well advanced
