Business
Final Results
Final Results.
About this update from Lords Group Trading Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n8 May 2025\n \nLords Group Trading plc\n('Lords', the 'Company' or the 'Group')\n \nFinal Results\n \n'Well positioned for market recovery'\n \nLords (AIM:LORD), a leading distributor of building materials in the UK, today announces its Final Results for the year ended 31 December 2024 ('FY24' or the 'year').\n \nFY24 Financial Performance\n \n\n\n\n\nADJUSTED RESULTS\n\n\n FY24\n\n\nFY23\n\n\nChange\n \n\n\n\n\nRevenue\n\n\n£436.7m\n\n\n£462.6m\n\n\n(5.6)%\n\n\n\n\nAdjusted EBITDA2\n\n\n£22.4m\n\n\n£26.8m\n\n\n(16.5)%\n\n\n\n\nAdjusted EBITDA excluding property gains\n\n\n£20.6m\n\n\n£26.6m\n\n\n(22.5)%\n\n\n\n\nAdjusted EBITDA margin\n\n\n5.1%\n\n\n5.8%\n\n\n(70) bps\n\n\n\n\nAdjusted operating profit3\n\n\n£10.4m\n\n\n£16.5m\n\n\n(37.0)%\n\n\n\n\nAdjusted profit before tax\n\n\n£3.8m\n\n\n£10.4m\n\n\n(63.8)%\n\n\n\n\nAdjusted basic earnings per share\n\n\n1.85p\n\n\n4.35p\n\n\n(57.5)%\n\n\n\n\nTotal dividend per share\n\n\n0.84p\n\n\n2.00p\n\n\n(58.0)%\n\n\n\n\n \n\n\n\n\nSTATUTORY RESULTS\n\n\n FY24\n\n\n FY23\n\n\nChange\n \n\n\n\n\nRevenue\n\n\n£436.7m\n\n\n£462.6m\n\n\n(5.6)%\n\n\n\n\nOperating profit\n\n\n£4.3m\n\n\n£9.1m\n\n\n(53.1)%\n\n\n\n\n(Loss)/profit before tax\n\n\n£(2.6)m\n\n\n£3.0m\n\n\n-\n\n\n\n\nBasic (loss)/earnings per share\n\n\n(1.19)p\n\n\n0.84p\n\n\n-\n\n\n\n\nNet debt4\n\n\n£32.4m\n\n\n£28.5m\n\n\n+13.5%\n\n\n\n\n \nFY24 Highlights\n \n\n· Group revenue of £436.7 million (FY23: £462.6 million)\n\n· Merchanting like-for-like1 revenue 3.6% lower; recovering strongly in H2 with revenue growth of 2.3% against prior year comparative period\n· Plumbing and Heating ('P&H') revenue 10.2% down in line with boiler volumes in the UK market\n· Strong growth in sales of renewable products, up 99% to...