The Renew Holdings robust trading performance, cash position and positive outlook have given the Board the confidence to declare an interim dividend of 4.83p (HY2020: nil; HY2019: 3.83p) per share. This represents a 26 per cent increase on the last interim dividend paid. This will be paid on 15 July 2021 to shareholders on the register as at 18 June 2021, with an ex-dividend date of 17 June 2021.
Other financial highlights include:
●Group order book of £750m (HY2020: £690m)
●Net debt (pre-IFRS16) of £16.9m (HY2020: £16.1m)
●Strong organic revenue growth of 12 per cent, underpinned by performance in rail
●De-risking of balance sheet with completion of Lovell Pension Scheme buy-in
