Business
Preliminary Results
Preliminary Results.
About this update from Lsl Property Services Plc
[{"type":"text","content":"\n \n \n RNS Number : 5189F\n LSL Property Services PLC\n 10 March 2020\n \n \n \n \n For Immediate Release 10th March 2020\n \n \n \n \n \n LSL Property Services plc (\"LSL\" or \"The Group\")\n \n \n PRELIMINARY RESULTS ANNOUNCEMENT\n \n \n \n \n \n LSL Property Services plc, a leading provider of residential property services incorporating estate agency, financial services and surveying and valuation businesses, announces its preliminary results for the year ended 31st December 2019.\n \n \n \n \n \n \n \n \n \n \n \n \n 2019\n \n \n \n \n 2018\n \n \n \n \n change\n \n \n \n \n \n \n Group Revenue - £m\n \n \n \n \n 311.1\n \n \n \n \n 324.6\n \n \n \n \n -4%\n \n \n \n \n \n \n Group Underlying Operating Profit1 - £m\n \n \n \n \n 37.0\n \n \n \n \n 35.9\n \n \n \n \n +3%\n \n \n \n \n \n \n Group Underlying Operating Margin - %\n \n \n \n \n 11.9\n \n \n \n \n 11.1\n \n \n \n \n \n \n \n \n \n Group Adjusted EBITDA2 - £m\n \n \n \n \n 51.9\n \n \n \n \n 41.6\n \n \n \n \n +25%\n \n \n \n \n \n \n Net Exceptional Cost - £m\n \n \n \n \n (13.2)\n \n \n \n \n (3.0)\n \n \n \n \n \n \n \n \n \n Group Operating Profit - £m\n \n \n \n \n 19.7\n \n \n \n \n 25.4\n \n \n \n \n -22%\n \n \n \n \n \n \n Profit Before Tax - £m\n \n \n \n \n 16.0\n \n \n \n \n 23.1\n \n \n \n \n -31%\n \n \n \n \n \n \n Basic Earnings Per Share - pence\n \n \n \n \n 12.6\n \n \n \n \n 17.4\n \n \n \n \n -28%\n \n \n \n \n \n \n Adjusted Basic Earnings Per Share3 - pence\n \n \n \n \n 28.0\n \n \n \n \n 27.2\n \n \n \n \n +3%\n \n \n \n \n \n \n Net Bank Debt4 at 31st December - £m\n \n \n \n \n 41.9\n \n \n \n \n 32.1\n \n \n \n \n +30%\n \n \n \n \n \n \n Final Dividend Per Share5 - pence\n \n \n \n \n 7.2\n \n \n \n \n 6.9\n \n \n \n \n +4%\n \n \n \n \n \n \n Full Year Dividend Per Share5 - pence\n \n \n \n \n 11.2\n \n \n \n \n 10.9\n \n \n \n \n +3%\n \n \n \n \n \n \n 1 \n Group Underlying Operating Profit is before exceptional costs, contingent consideration, amortisation of intangible assets and share-based payments (as defined in\n Note 4 of the Financial Statements). Excluding the impact of IFRS 16 Group Underlying Operating Profit in 2019 was £36.2m.\n \n \n 2 Group...