Galliford Try plc announce a final dividend payment up 66% to 5.8p (2021: 3.5p), together with an interim dividend of 2.2p giving a total dividend of 8.0p, up 70%.
Other financial highlights include:
Strong performance resulting in increased revenue, pre-exceptional profit and operating margin.
Profit before tax increased by 68% to £19.1m (2021: £11.4m) before exceptional costs
Increased divisional operating margin to 2.4% (2021: 2.0%), showing excellent progress against our 3% margin target in 2026.
Cash generative with well-capitalised debt-free balance sheet, average month end cash for the period of £174m (2021: £164m), PPP asset portfolio of £47.5m (2021: £49.1m) and no pension liabilities.
Additional capital return through initial £15m share buy-back programme.
One-off payment totalling £1.0m to over 1,800 employees in recognition of the cost-of-living challenge.
Confident outlook with high quality £3.4bn order book (2021: £3.3bn) positioned across chosen sectors and 90% of FY23 revenue already secured.
