Group announce a full-year dividend maintained at 11.71p

DividendMax Ltd. Group announce a full-year dividend maintained at 11.71p

The Board has recommended a final dividend of 8.61p pence per share (2021: 8.61p), making the proposed full year dividend 11.71p pence per share (2021: 11.71p). The Board will continue to keep under review the scope for resumed dividend growth and thereafter, when they have significant surplus capital and there are no material short-term organic or acquisitive growth opportunities available, they will again consider returning surplus funds to shareholders through a "special distribution", in accordance with their capital allocation policy.

Other financial highlights include:

- Revenue grew 22% (8% excluding Cashback) with strong performance in Money and travel channels, and despite closed energy switching market

- Transition to a flexible, tech and data-led savings platform:54930016B7VO33FBE722

- Data centralised on Google Cloud Platform, laying foundations for customer-facing innovation

- More efficient customer acquisition and retention capabilities with enhanced PPC bidding and marketing tools

- Progress to 'platformise' technology - build features once, deploy across portfolio

- CYTI, Ice Travel Group, Quidco acquisitions on track

- Gross margin down c.3%pts, driven by expected impact of Quidco consolidation

- Profit growth: adjusted EBITDA up 15% and profit after tax up 33%

- Strong cash conversion with operating cashflow of £104.4m in the year. Net debt to adjusted EBITDA fell to 0.3x (0.6x in 2021

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