Swallowfield increases its 2017 interim dividend by 113%

DividendMax Ltd.

Swallowfield increases its 2017 interim dividend by 113%

Financial highlights

Strong revenue growth of +44% (+12% excluding The Brand Architekts acquisition) to £39.7m (2016: £27.5m), sterling weakness benefits the top-line with revenue growth on a constant currency basis of +38% and +7% respectively.

Owned brands now representing 25% of revenues.

Adjusted operating profit increased by 297% year on year to £2.54m (2016: £0.64m).

Adjusted EPS increased by 176% year on year to 11.3 pence (2016: 4.1 pence).

Net Debt of £5.5m (2016: £4.9m), inclusive of £2.0m additional term-loan funding to support acquisition.

Interim dividend increased by 113% to 1.7 pence (2016: 0.8 pence).

Companies mentioned