The Craneware Board has proposed a final dividend of 16.0p (20.19 cents) per share giving a total dividend for the year of 28.5p (35.95 cents) per share (FY22: 28p (33.96 cents) per share), an increase of 2%. Subject to approval at the Annual General Meeting, the final dividend will be paid on 15 December 2023 to shareholders on the register as at 24 November 2023, with a corresponding ex-Dividend date of 23 November 2023.
The final dividend of 16.0p per share is capable of being paid in US dollars subject to a shareholder having registered to receive their dividend in US dollars under the Company's Dividend Currency Election, or who register to do so by the close of business on 24 November 2023. The exact amount to be paid will be calculated by reference to the exchange rate to be announced on 24 November 2023. The final dividend referred to above in US dollars of 20.19 cents is given as an example only using the Balance Sheet date exchange rate of $1.2619/£1 and may differ from that finally announced.
Other financial highlights include:
Revenue increased 5% to $174.0m (FY22: $165.5m)
Adjusted EBITDA1 increased 6% to $54.9m (FY22: $51.8m)
Annual Recurring Revenue increased to $169.0m (H1 FY22: $166.4m), with an associated Net Revenue Retention value of 100% (FY22: n/a)
Statutory Profit before tax $13.1m (FY22: $13.1m)
Basic adjusted EPS1 87.0 cents (FY22: 89.0 cents) and adjusted diluted EPS 86.3 cents (FY22: 88.1 cents)
Basic EPS 26.3 cents (FY22: 26.8 cents) and diluted EPS 26.1 cents (FY22: 26.5 cents)
Robust Operating Cash Conversion4 at 92% of Adjusted EBITDA (FY22: 80%)
Total Cash and cash equivalents $78.5m (FY22: $47.2m)
Total Bank Debt $83.0m (FY22: $111.6m)
