Business
Final Results - replacement
Final Results - replacement.
About this update from Nahl Group Plc
[{"type":"text","content":"\n \n \n \n \n \n Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.\n \n \n \n \n \n 24 March 2023\n \n \n \n \n \n The following announcement replaces the 'Final Results' announcement released on 22 March 2023 at 0700 under RNS No 7839T. A full statement has now been included under the heading 'CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2022', which was previously missing. All other details remain unchanged. The full amended text is shown below.\n \n \n \n \n \n NAHL Group plc\n \n \n (\"NAHL\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Final Results\n \n \n Realising returns on strategic investments and building solid foundations for future growth\n \n \n \n \n \n NAHL, a leading UK marketing and services business focused on the consumer legal services market, announces its Final Results for the year ended 31 December 2022.\n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n Year ended 31 December\n \n \n \n \n FY2022\n \n \n \n \n FY2021\n \n \n \n \n Change\n \n \n \n \n \n \n Group Revenue\n \n \n \n \n £41.4m\n \n \n \n \n £38.9m\n \n \n \n \n 6.4%\n \n \n \n \n \n \n Operating Profit\n \n \n \n \n £4.8m\n \n \n \n \n £4.2m\n \n \n \n \n 14.4%\n \n \n \n \n \n \n Profit Before Tax\n \n \n \n \n £0.6m\n \n \n \n \n £0.2m\n \n \n \n \n 142.1%\n \n \n \n \n \n \n Net Debt\n \n \n \n \n £13.3m\n \n \n \n \n £15.5m\n \n \n \n \n -14.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n ●\n \n \n \n \n Group Revenue increased by 6.4% to £41.4m (2021: £38.9m), reflecting good progress made across the Group\n \n \n \n \n \n \n ●\n \n \n \n \n Cash received from settled claims in National Accident Law (NAL) increased by 67% to £3.5m (2021: £2.1m)\n \n \n \n \n \n \n ●\n \n \n \n \n Significant reduction in net debt at 31 December 2022 to £13.3m (2021: £15.5m)\n \n \n \n \n \n \n ●\n \n \n \n \n Strong levels of cash generation resulting in free cash flow increasing from £0.8m in 2021 to £2.2m\n \n \n \n \n \n \n ●\n \n \n \n \n Operating profit increased to ...