As a result of the uncertainty caused by the pandemic, the Savills PLC final dividend and supplemental interim dividend for 2019 were cancelled and no interim ordinary dividend was declared during 2020. A final ordinary dividend of 17.0p is recommended, reflecting the resilience of the less Transactional business performance in 2020, making the aggregate ordinary dividend 17.0p for the year (2019: 4.95p, interim ordinary dividend). Due to the impact of the pandemic on the Group's transactional profits during 2020 and the advisability of maintaining liquid resources through 2021, no supplemental interim dividend is declared. The final ordinary dividend of 17.0p per ordinary share will, subject to shareholders' approval at the AGM on 12 May 2021, be paid on 18 May 2021 to shareholders on the register at 9 April 2021.
Other financial highlights include:
Group revenue down 9% to £1.74bn (2019: £1.91bn*) as resilient revenues from less transactional services significantly mitigated reduction in transaction volumes
Underlying profit before tax £96.6m (2019: £143.4m)
Statutory profit before tax £83.2m (2019: £115.6m)
Statutory basic earnings per share ('EPS') 49.0p (2019: 60.6p)
Net cash £177.7m (2019: £28.5m)