The Oxford Metrics plc Board remains committed to their progressive dividend policy and proposes a 18.2% increase to our final dividend to 3.25p per share (FY23 final dividend £2.75p) this year.
Other financial highlights include:
●Revenue of £41.5m (FY23: £44.2m), as pipeline conversion in Vicon fell below expectations in September, typically their busiest month
●Geographically for Vicon, the UK (up 34%) and Europe (up 11%) tracked ahead, with North America (down 7%) and APAC (down 35%) behind FY23.
●As expected, gross margin improved to 66.6% (FY23: 65.0%), up 1.6 percentage points on prior year
●Adjusted Profit Before Tax at £3.7m (FY23: £7.5m) as delayed purchase decisions impacted H2 performance against an exceptional FY23 comparative
●Strong balance sheet with net cash at £50.7m (FY23: £64.8m) to build out smart manufacturing via M&A, drive growth marketing initiative and invest in R&D
