Wickes Group plc announced a final dividend of 7.3p proposed in respect of the 52 weeks ending 30 December 2023. The dividend will be paid on 6 June 2024 to shareholders on the register at the close of business on 26 April 2024 (the Record Date). The shares will be quoted ex-dividend on 25 April 2024. Shareholders may reinvest their dividends in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 15 May 2024.
Other financial highlights include:
Total revenue of £1,553.8m in line with prior year (2022: £1,559.0m) reflecting LFL sales -0.3%
Strong productivity gains of £22m offsetting cost inflation (excl. energy) in line with guidance
Statutory profit before tax: £41.1m (2022 £40.3m)
Adjusted profit before tax after SaaS impact: £52.0m, ahead of consensus
Net cash position of £97.5m (2022 £99.5m), after £10.1m of share buybacks; Average cash across the year of £154.9m (2022 £153.6m)
Final dividend of 7.3p, giving a total of 10.9p for the full year, in line with guidance
£10.1m of £25.0m share buyback programme completed by year-end
