Acal increases its 2018 interim dividend by 8%

DividendMax Ltd.

Acal increases its 2018 interim dividend by 8%

Acal 2018 interim results


Strong growth in sales, orders, profitability and earnings

o Sales up 21% (+15% CER) on orders up 22% (+15% CER)

o Underlying operating profit up 34% (+23% CER)

o Underlying earnings per share up 24%

o Interim dividend increased by 8%

Wide spread organic growth across both divisions

o Group organic sales up 9%; orders up 10% in both divisions

o D&M organic sales up 11% - now 57% of Group sales (H1 2016/17: 52%)

o Custom Supply (previously known as Custom Distribution) organic sales up 7%

Good progress on key strategic and performance targets

o Underlying operating margin increased to 6.2% (H1 2016/17: 5.6 %)

o Cross selling of £4.2m, more than doubled from last year (H1 2016/17: £1.9m)

o ROCE of 14.5%, up 2.8ppts on last year (H1 2016/17: 11.7%) 

o Operating cash flow at 95% of underlying operating profit in the last 12 months

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