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
|
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
|
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').