The Volution Group Plc Board has declared an interim dividend of 3.4 pence per share, up 21.4% (H1 2024: 2.8 pence), reflecting the strong first half performance and demonstrating the Board's confidence in the Group's prospects. The interim dividend will be paid on 6 May 2025 to shareholders on the register at the close of business on 28 March 2025.
Other financial highlights include:
Group revenue up 8.9%; +4.0% (cc) organic, +6.6% inorganic and -1.7% impact from foreign exchange translation
Adjusted operating profit of £42.6m, up 10.4% on the prior year, with expansion of adjusted operating margin to 22.7% (H1 2024: 22.4%)
Statutory profit before tax down 11.3% to £25.7 million (H1 2024: £29.0 million) due to non-underlying costs associated with Fantech acquisition (£6.1m) and £3.1m contingent consideration remeasurement relating to ClimaRad and ERI
Adjusted operating cash flow up 23.4% on prior year to £47.9 million (H1 2024: £38.8 million), excellent cash conversion of 110% (H1 2024: 98%)
Strong Balance Sheet (leverage ex-leases at 1.5x) and robust ROIC of 25% after spending £106.7m on the acquisition of Fantech and £29.5m on the purchase of the minority share of ClimaRad.
