Business
Final Results
Final Results.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n \n \n \n 23 February 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MORGAN SINDALL GROUP PLC\n \n \n \n \n ('Morgan Sindall' or 'Group')\n \n \n \n \n \n \n \n \n \n The Construction & Regeneration Group\n \n \n \n \n \n \n \n \n \n RESULTS FOR THE FULL YEAR (FY) ENDED 31 DECEMBER 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY 2022\n \n \n \n \n \n \n FY 2021\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £3,612m\n \n \n \n \n £3,213m\n \n \n \n \n +12%\n \n \n \n \n \n \n \n \n \n Operating profit - adjusted1\n \n \n \n \n £139.2m\n \n \n \n \n £131.3m\n \n \n \n \n +6%\n \n \n \n \n \n \n \n \n \n Profit before tax - adjusted1\n \n \n \n \n £136.2m\n \n \n \n \n £127.7m\n \n \n \n \n +7%\n \n \n \n \n \n \n \n \n \n Earnings per share - adjusted1\n \n \n \n \n 237.9p\n \n \n \n \n 226.0p\n \n \n \n \n +5%\n \n \n \n \n \n \n \n \n \n Net cash at year end\n \n \n \n \n £355m\n \n \n \n \n £358m\n \n \n \n \n -£3m\n \n \n \n \n \n \n Total dividend per share\n \n \n \n \n 101.0p\n \n \n \n \n 92.0p\n \n \n \n \n +10%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit - reported\n \n \n \n \n £88.3m\n \n \n \n \n £129.8m\n \n \n \n \n -32%\n \n \n \n \n \n \n Profit before tax - reported\n \n \n \n \n £85.3m\n \n \n \n \n £126.2m\n \n \n \n \n -32%\n \n \n \n \n \n \n Basic earnings per share - reported\n \n \n \n \n 132.7p\n \n \n \n \n 212.4p\n \n \n \n \n -38%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n \n \n \n \n \n 'Adjusted' is defined as before intangible amortisation of £2.0m and exceptional building safety charge of £48.9m\n \n \n \n \n (FY 2021: before intangible amortisation of £1.5m and (in the case of earnings per share) deferred tax charge of £5.1m)\n \n \n \n \n \n \n \n \n \n FY 2022 summary:\n \n \n \n ·\n Record results reflect a strong year of operational and strategic progress despite market headwinds\n \n \n o\n Revenue up 12% to £3.6bn\n \n \n o\n Adjusted profit before tax up 7% to £136.2m\n \n \n ·\n Continued balance sheet strength\n \n \n o \n Net cash of £355m (FY 2021: £358m)\n \n \n o\n Averag...