Hill & Smith 2017 final results
Record revenue and underlying earnings performance
Consistent and proven strategy driving returns:
- Underlying operating margin 13.9%, up 80bps on prior year
- Return on invested capital increased to 20.2%
Underlying profit before taxation up 15% to £78.5m:
- Strong growth in International Roads
- Continued margin progression in Utilities
- Wider infrastructure investment supporting good performances across all three geographies in Galvanizing
Net debt £99.0m, 1x underlying EBITDA
Proposed 15% increase in final dividend of 20.6p giving a full year dividend of 30.0p, up 14% and the fifteenth successive year of increases
