Business
Results For Year Ended 31 Dec 2021
Results For Year Ended 31 Dec 2021.
About this update from Henry Boot Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6763F\n Boot(Henry) PLC\n 23 March 2022\n \n \n \n \n \n \n \n 23 March 2022\n \n \n \n \n \n HENRY BOOT PLC\n \n \n ('Henry Boot', the 'Company' or the 'Group')\n \n \n Ticker: BOOT.L: Main market premium listing: FTSE: Real Estate Investment and Services.\n \n \n \n \n \n \n \n \n Unaudited results for the year ended 31 December 2021\n \n \n \n \n \n Strong operational performance driven by industrial development and residential land sales, with material progress towards medium-term strategic targets\n \n \n \n \n \n Henry Boot PLC, a Company engaged in land promotion, property investment and development, and construction, announces its unaudited results for the year ended 31 December 2021. \n \n \n \n \n \n Tim Roberts, Chief Executive Officer, commented:\n \n \n \n \n \n \"Strong demand within our three key markets of Industrial & Logistics, Residential and Urban Development has helped us to achieve a good set of results. By continued investment in our significant pipeline of opportunities and using our strong balance sheet, we have achieved material growth in the business and secured attractive returns for our shareholders. Whilst there are pressures facing the economy and the industry, particularly inflation and supply restrictions, we continue to manage these effectively. We have also made a very good start to the year, building on the strong momentum across the Group, with high levels of forward sales in land and housebuilding, further leasing of our developments and a full order book in construction.\"\n \n \n \n \n \n Financial highlights\n \n \n \n \n \n ·\n Revenue of £230.6m (2020: £222.4m), up 3.7%, driven by residential land sales\n \n \n \n \n \n ·\n Profit before tax increased to £35.1m (2020: £17.1m) up 105.3%, driven by strong performance of residential land sales, industrial development, investment property revaluation gains and returns from joint ventures\n \n \n \n \n \n · \n Increased ROCE¹ of 9.6% (2020: 4.9%), up 4.7%, approaching our medium-term strategic target of 10%-15%\n \n \n \n \n \n · \n EPS grew significantly to 21.2p (2020: 9.0p), up 135.6%\n \n \n \n \n \n · \n NAV² per share grew to 267p (2020: 235p), an increase of 13.6%, due to retained earnings and actuarial g...