The Volution Group Plc Board has declared an interim dividend of 2.30 pence per share, up 21.1% (H1 2021: 1.9 pence), demonstrating the Board's continuing confidence in the performance of the Group. The interim dividend will be paid on 3 May 2022 to shareholders on the register at the close of business on 25 March 2022.
Other financial highlights include:
Adjusted operating profit margin of 21.3% (21.1% in H1 2021), with adjusted operating profit up 15.0% to £31.9 million (H1 2021: £27.7 million).
Revenue growth of 13.6% (16.9% at constant currency "cc") with organic revenue growth of 7.9% cc as all three geographic regions grew in the period
Reported profit before tax increased by 50.5% to £21.4 million (H1 2021: £14.2 million) due to adjusted operating profit expansion and lower acquisition related costs of £0.1 million (H1 2021: £3.5 million).
Investment in working capital led to a lower than normal cash conversion at 50% (H1 2021: 105%), though leverage (excluding lease liabilities) remains lower than H1 2021 at 1.2x, (H1 2021: 1.4x).
