Business
Final Results for the year ended 31 December 2021
Final Results for the year ended 31 December 2021.
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2931G\n Mortgage Advice Bureau(Holdings)PLC\n 28 March 2022\n \n \n \n \n MORTGAGE ADVICE BUREAU (HOLDINGS) PLC\n \n \n (\"MAB\" or \"the Group\")\n \n \n 28 March 2022\n \n \n Final Results for the year ended 31 December 2021\n \n \n Mortgage Advice Bureau (Holdings) PLC (AIM: MAB1.L) is pleased to announce its final results for the year ended 31 December 2021. \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n Change vs 2020\n \n \n \n \n Change vs 2019\n \n \n \n \n \n \n Revenue\n \n \n \n \n £188.7m\n \n \n \n \n £148.3m\n \n \n \n \n £143.7m\n \n \n \n \n +27%\n \n \n \n \n +31%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n £51.0m\n \n \n \n \n £39.8m\n \n \n \n \n £36.4m\n \n \n \n \n +28%\n \n \n \n \n +40%\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n 27.0%\n \n \n \n \n 26.9%\n \n \n \n \n 25.3%\n \n \n \n \n +0.1pp(1)\n \n \n \n \n +1.7pp\n \n \n \n \n \n \n Adjusted overheads ratio(2)\n \n \n \n \n 14.8%\n \n \n \n \n 14.5%\n \n \n \n \n 12.4%\n \n \n \n \n +0.3pp\n \n \n \n \n +2.4pp\n \n \n \n \n \n \n Adjusted profit before tax(3)\n \n \n \n \n £24.2m\n \n \n \n \n £17.8m\n \n \n \n \n £18.7m\n \n \n \n \n +36%\n \n \n \n \n +30%\n \n \n \n \n \n \n Statutory profit before tax\n \n \n \n \n £23.2m\n \n \n \n \n £14.9m\n \n \n \n \n £17.7m\n \n \n \n \n +56%\n \n \n \n \n +31%\n \n \n \n \n \n \n Adjusted profit before tax margin(3)\n \n \n \n \n 12.8%\n \n \n \n \n 12.0%\n \n \n \n \n 13.0%\n \n \n \n \n +0.8pp\n \n \n \n \n -0.2pp\n \n \n \n \n \n \n Adjusted profit before tax as a percentage of net revenue(4)\n \n \n \n \n 40.5%\n \n \n \n \n 37.9%\n \n \n \n \n 44.5%\n \n \n \n \n +2.6pp\n \n \n \n \n -4.0pp\n \n \n \n \n \n \n Reported profit before tax margin\n \n \n \n \n 12.3%\n \n \n \n \n 10.0%\n \n \n \n \n 12.3%\n \n \n \n \n +2.3pp\n \n \n \n \n 0.0 pp\n \n \n \n \n \n \n Adjusted(3) EPS\n \n \n \n \n 37.1p\n \n \n \n \n 28.6p\n \n \n \n \n 30.1p\n \n \n \n \n +30%\n \n \n \n \n +23%\n \n \n \n \n \n \n Basic EPS\n \n \n \n \n 35.2p\n \n \n \n \n 23.7p\n \n \n \n \n 28.2p\n \n \n \n \n +49%\n \n \n \n \n +25%\n \n \n \n \n \n \n Operating profit to adjusted cash conversion(5)\n \n \n \n \n 113%\n \n \n \n \n 112%\n \n \n \n \n 119%\n \n \n \n \n +1pp\n \n \n \n \n -6pp\n \n \n \n \n \n \n Full...