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2023 Interim Summary

  • Underlying profit before taxation* of £53.1m (2022: £42.2m), an increase of 25.8%
  • Underlying earnings per share* increased by 35.0% to 133.5p (2022: 98.9p)
  • Particularly strong performance in Broking segment

 

* Classed as an Alternative Performance Measure ('APM').

  • Robust balance sheet, with £128.2m of free cash resources* (31 December 2022: £130.9m)
  • Increased interim dividend of 30p per share (2022: 29p per share)
  • Board’s expectations for the year unchanged with continued confidence in the medium-term outlook

Interim results summary

To 30th June 2023

 
Six months ended
30 June 2023
Six months ended
30 June 2022
Revenue £321.1m £266.7m
Underlying profit before taxation* £53.1m £42.2m
Reported profit before taxation £52.2m £42.0m
Underlying basic earnings per share* 133.5p 98.9p
Reported basic earnings per share 130.5p 98.5p
Interim dividend per share 30p 29p

* Classed as an Alternative Performance Measure ('APM').

2022 performance summary

  • Record underlying profit before taxation* of £100.9m (2021: £69.4m), an increase of 45.4%
  • Underlying earnings per share* increased 51.1% to 250.3p (2021: 165.6p)
  • Particularly strong performance in the Broking segment

 

* Classed as an Alternative Performance Measure (‘APM’).

  • Full year dividend of 93p, giving rise to a 20th consecutive year of dividend growth
  • Forward order book for invoicing in 2023 was US$216m (2022: US$165m), an increase of 30.9%
  • Strong balance sheet with free cash resources* of £130.9m (2021: £92.3m)

Results summary

To 31st December 2022

 
12 months ended
31 Dec 2022
12 months ended
31 Dec 2021
Revenue
£603.8m
£443.3m
Underlying profit before taxation*
£100.9m
£69.4m
Reported profit/(loss) before taxation
£100.1m
£69.1m
Underlying basic earnings per share*
250.3p
165.6p
Reported basic earnings/ (loss) per share
247.9p
164.6p
Dividend per share
93p
84p

* Classed as an Alternative Performance Measure ('APM').