The Animalcare Group Plc Board is proposing a final dividend of 2.4 pence per share (2020: 2.0 pence per share) in line with pre-COVID levels. Subject to shareholder approval at the Annual General Meeting to be held on 7 June 2022, the final dividend will be paid on 8 July 2022 to shareholders whose names are on the Register of Members at close of business on 10 June 2022. The ordinary shares will become ex-dividend on 9 June 2022.
Other financial highlights include:
Revenues grew 5.0% to £74.0m (8.0% up at CER)
Improved gross margins drove double-digit increase in underlying EBITDA to £13.5m as profitability benefited from continuing focus on top selling brands (2020: £12.1m)
Statutory profit before tax, incorporating non-underlying items of £0.9m (2020: £0.2m), with reported basic loss per share of 0.1 pence (2020: 0.4 pence profit per share)
Continued strong underlying cash conversion of 108.8% (2020: 102.9%) reduced net debt to £5.3m at year end