Focusrite Plc has declared an interim dividend of 1.85 pence, 23.3% growth compared to HY21 dividend of 1.5 pence announced in May 2021
Other financial highlights include:
Group revenue remains significantly ahead of HY20 pre-pandemic levels and is also higher than the second half of FY21 (£78.6 million), despite ongoing COVID and component supply issues
o Focusrite brands revenue down by 11.7% to £65.4 million (HY21: £74.0 million)
o ADAM Audio revenue down by 33.1% to £8.4 million (HY21: £12.6 million)
o Martin Audio revenue up by 44.0% to £12.5 million (HY21: £8.7 million)
o Sequential revenue of £6.6 million (acquired in April 2021) in line with the Board's expectations
Gross margin at 46.6% is higher than pre pandemic (HY20: 46.1%)
Adjusted EBITDA at £22.2 million was 23.9% of sales
