Renew Holdings Plc are to propose a final dividend of 12.67p (2023: 12.00p) per share. If approved by shareholders, this will represent a full year dividend of 19.00p (2023: 18.00p) per share, an increase of 5.6%.
Other financial highlights include:
Another record financial performance with revenue, cash generation and operating profit all ahead of initial market expectations.
Group revenue increased 19.1% to £1,057.0m (FY2023: £887.6m), with organic growth of 16.6%.
Group order book remained strong at £889m (FY2023: £777m), underpinned by long-term framework positions.
Net cash position (pre-IFRS16) of £25.7m (FY2023: £35.7), in line with expectations.
Strong balance sheet and best-in-class returns profile leaves us well positioned to take further advantage of the Government's ongoing commitment to maintain and upgrade the UK's critical infrastructure.
