The Directors are recommending a final dividend of 61.0p per share amounting to a total of £85.1m in respect of the financial year ended 31 December 2022. Subject to shareholder approval, the dividend will be paid on 26 May 2023 to shareholders registered on 28 April 2023. The total proposed dividend for the year ended 31 December 2022 will be 108.0p per share amounting to £150.7m.
Other Financial Highlights:
- Sales up 11% at over £2 billion, with successful input cost inflation recovery reflecting strength of business model
- Adjusted operating profit up 10%, exceeding £500m for the first time
- IFRS profit before tax up 90% to £780.0m (2021: £411.5m), including £356.0m gain on divestment
- Improved free cash flow of £167.4m (2021: £153.6m), with moderating raw material prices starting to benefit working capital