Sage Group plc announce a proposed final dividend of 13.50p, increasing the full year dividend by 6% to 20.45p
Other financial highlights include:
Underlying total revenue increased by 9% to £2,332m, reflecting the strength of their subscription-based recurring revenue model.
Underlying operating profit grew by 21% to £529m, driving a particularly strong margin increase of 220 basis points to 22.7%, with disciplined cost management supporting ongoing investment.
EBITDA grew by 16% to £622m, with margin increasing by 160 basis points to 26.6%.
Statutory operating profit increased by 43% to £452m reflecting strong growth in underlying operating profit, lower M&A-related expenses and the non-recurrence of prior year restructuring charges.
Underlying basic EPS increased by 23% to 37.9p.
Free cash flow increased by 30% to £524m, supported by excellent underlying cash conversion of 123%, reflecting growth in subscription revenue and continued good working capital management.
