The Wickes Group Plc Board has recommended an interim dividend of 3.6p per share, which will be paid on 8 November 2024 to shareholders on the register at the close of business on 4 October 2024.
The shares will be quoted ex-dividend on 3 October 2024. Shareholders in the UK may elect to reinvest their dividend in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 18 October 2024.
Other financial highlights include:
•Total revenue of £799.9m (H1 2023: £827.7m) down -3.4% year-on-year
•Adjusted gross margin +24bps
•Operational costs flat year-on-year following planned management action taken to mitigate impact of inflation
•Statutory profit before tax of £22.9m (H1 2023: £21.1m)
•Adjusted profit before tax of £23.4m (H1 2023: £31.1m)
•Net cash position of £152.4m (H1 2023 £190.0m), after net initial payment for Solar Fast acquisition and £28.9m returned to shareholders
