The Morgan Sindall Group plc proposed final dividend has increased by 15% to 78p per share (FY 2022: 68p), resulting in a total dividend for the year of 114p per share (FY 2022: 101p), an increase of 13%. This represents dividend cover of 2.2x and reflects the result for the year, the strong balance sheet and the Board's confidence in the long-term prospects of the Group.
Other financial highlights include:
o Revenue up 14% to £4.1bn
o Adjusted profit before tax up 6% to £144.6m
Continued balance sheet strength
o Net cash of £461m (FY 2022: £355m)
o Average daily net cash of £282m (FY 2022: £256m), slightly ahead of previous guidance
High quality and growing secured order book
o Order book of £8.9bn, up 5% on prior year (FY 2022: £8.5bn)
