The Tracsis Plc Board has recommended a final divided of 1.2 pence per share. The final dividend, subject to shareholder approval at the forthcoming Annual General Meeting, will be paid on 9 February 2024 to shareholders on the register at the close of business on 26 January 2024. This will bring the total dividend for the year to 2.2 pence per share.
Other Financial Highlights Include:
- Strong revenue growth across both Divisions
- Rail Technology & Services: up 26% to £37.9m (2022: £29.9m)
- Data, Analytics, Consultancy & Events: up 14% to £44.1m (2022: £38.8m)
- Rail Technology & Services annual recurring and repeat revenue increased 9% to £23.1m (2022: £21.1m)
- 10% Group organic revenue growth
- Adjusted EBITDA margin reflects c.£1m investment in enhancing capabilities and integrating the Group's activities
- £9.6m cash outflows for contingent and deferred acquisition considerations; all material earn-outs now paid
- Healthy cash generation and strong debt-free balance sheet to invest in further growth
