The Irish Continental Group Plc Board is proposing the payment of a dividend of 9.00 cent per ordinary share on 7 July 2022 to shareholders on the register at the close of business on 10 June 2022. Irish dividend withholding tax will be deducted where appropriate.
Other financial highlights include:
- Revenue increased by €57.4 million (20.7%) to €334.5 million.
- EBITDA increase of €10.2 million principally due to increased revenues and a continued focus on cost optimisation.
- Available liquidity comprising cash and committed bank facilities of €118.9 million at 31 December 2021.
- Year end net debt, after strategic capital expenditure of €41.7 million, was €142.2 million, 2.6 times EBITDA under banking covenant definitions.
