Renew Holdings Board are to propose a final dividend of 12.00p (2022: 11.33p) per share. This will be paid on 8 March 2024 to shareholders on the register as at 9 February 2024, with an ex-dividend date of 8 February 2024. This will represent a full year dividend of 18.00p (2022: 17.00p) per share, an increase of 5.8%.
Other financial highlights include:
Renew Holdings record financial performance demonstrates the differentiated qualities and resilient nature of the Group, combined with the strong demand in their end markets
Group revenue increased 13% to £960.9m (FY2022: £849.0m), with organic growth of 10%
Group order book remained strong at £860m (FY2022: £775m)
Net cash position (pre-IFRS16) of £35.7m (FY2022: £20.2m)
Robust balance sheet and strong operational cash generation leaves them well positioned to continue to appraise selective value-accretive M&A opportunities
