On the Beach Group plc announce FY24 final dividend of 2.1p per share, full year 3.0p per share, representing 25% of net earnings, in line with capital allocation policy.
Other financial highlights include:
Record TTV for the third consecutive year, up 15% to £1.2bn (FY23: £1.0bn).
Revenue increased 14% to £128.2m (FY23: £112.1m).
Further margin improvement with B2C Adjusted EBITDA margin at 31.7% (FY23: 30.0%).
Adjusted profit before tax increased 25% to £31.0m1 (FY23: £24.8m).
Group profit before tax increased 84% to £26.5m (FY23: £14.4m).
Group remains in a strong financial position with cash, excluding amounts held in trust, of £96.2m (30 September 2023: £75.8m).
Buyback of up to £25m announced, reflecting Board's confidence in the strategy and business model.
