The Morgan Advanced Materials Board has resolved to pay an interim dividend of 5.4 pence (2023: 5.3 pence) per Ordinary share. The interim dividend will be paid on 15 November 2024 to Ordinary shareholders on the register of members at the close of trading on 25 October 2024. The ex-dividend date will be 24 October 2024.
Other financial highlights include:
Organic constant-currency revenue growth of 8.2%, with 14.9% from their faster growing markets
Group adjusted operating profit margin of 12.5%, in line with their financial framework. Pricing measures continue to more than offset inflation
Adjusted EPS at 14.7p has grown +48.5% versus 1H 2023
Capital investment programme progressing well
Return on invested capital 19.7% for 1H, at the higher end of their financial framework range
Strong balance sheet with net debt/EBITDA (excl. leasing) of 1.3 times
Absolute scope 1 and 2 emissions CO2e reduced by 11.6% compared with 1H 2023
2H revenue in line with 1H; margin to remain at around 12.5%
