The Hill & Smith Board is recommending a final dividend of 28.0p per share, making a total dividend for the year of 43.0p per share (2022: 35.0p). The final dividend, if approved, will be paid on 5 July 2024 to shareholders on the register on 31 May 2024.
Other financial highlights include:
o Resilient performance in their UK businesses given market conditionso Revenue up 14% and underlying operating profit up 26% on a constant currency basis
o Underlying operating margin increased by 150bps to 14.8%, reflecting volume growth and improved portfolio mix
o Strong momentum across US businesses with standout performance in composites and electrical utility businesses
o US representing 76% of 2023 underlying operating profit
o Resilient performance in our UK businesses given market conditions
