A final dividend of 4.4p is being proposed by the Board (FY 2020: 4.3p). The final dividend, if approved, which amounts to £9.0m (FY 2020: £8.8m), will be paid on 23 September 2021 to those shareholders on the register on 27 August 2021.
Other financial highlights include:
Total revenue growth of 7% driven by strong client demand across all Pensions divisions; organic growth of 6% YoY
o Pensions Advisory growth of 6%, with each division growing - Actuarial & Consulting grew 3% and Investment Consulting by 21%
o Pensions Administration grew by 9%
Strong growth in NPT assets which passed through £1bn milestone during year
Adjusted EBITDA up 5% year on year broadly in line with revenue growth
The Group did not take up any of the Government Covid-19 support loans nor did they furlough any of their staff
High level of cash conversion maintained - operating cash-flow conversion of 113% leading to net debt/adjusted EBITDA of 1.74x at 31 March 2021 (31 March 2020: 1.98x)
Statutory profit before tax up 3% YoY
Statutory basic EPS up 22% YoY
Adjusted diluted EPS of 9.8p is up 2% YoY
