The Melrose industries Plc Board proposes to pay a final dividend of 4.0 pence per share for 2024, making a total dividend for the year of 6.0 pence per share. The final dividend will be paid on 9 May 2025 to those shareholders on the register at 28 March 2025.
Other financial highlights include:
Revenue of £3.47 billion, 11% like-for-like growth on the prior year (6% including exited businesses)
Adjusted operating profit (pre-PLC costs) up 38% at £566 million (2023: £420 million), at top end of expectations
Adjusted diluted EPS up 45% at 26.4p compared to 18.7p in 2023. Statutory diluted EPS of (3.7)p (2023: 0.1p)
Net debt of £1.32 billion, representing leverage of 1.9x, in line with their expectations and within therir arget range of 1.5-2.0x. The Group generated £71 million of positive free cash flow (after interest and tax) in the second half of the year.
