Business
Amendment to Financial Results announcement
Amendment to Financial Results announcement.
About this update from Wilmington Plc
[{"type":"text","content":"\n\nCORRECTION: DIVIDEND TIMETABLE\n \nCorrection to the announcement made at 07:00 (RNS number: 4374N) on 25/09/2023: The ex-dividend date is 2nd November 2023 and not 27th October 2023 and the record date is 3rd November 2023 and not 28th October 2023 as previously announced. The full corrected announcement is as per below. All other information was correct:\n \n \n25 September 2023\nWilmington plc\n \nContinued delivery with 30% jump in profitability and dividend up 22%\n \nWilmington plc, (LSE: WIL, 'Wilmington' or 'the Group') the provider of data, information, education and training services in the global Governance, Risk and Compliance (GRC) markets, today announces its results for the year ended 30 June 2023.\nFinancial performance\n \n\n\n\n\n\n\n\n2023\n\n\n2022\n\n\nChange\n\n\n\n\nContinuing results[1]\n\n\n \n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£122.1m\n\n\n£111.9m\n\n\n9%\n\n\n\n\nAdjusted PBT[2]\n\n\n£24.1m\n\n\n£18.6m\n\n\n30%\n\n\n\n\nAdjusted PBT margin\n\n\n19.7%\n\n\n16.6%\n\n\n19%\n\n\n\n\nAdjusted basic EPS[3]\n\n\n21.27p\n\n\n16.72p\n\n\n27.2%\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nNet cash[4]\n\n\n£42.2m\n\n\n£20.5m\n\n\n\n\n\n\n\nTotal dividend\n\n\n10.0p\n\n\n8.20p\n\n\n22.0%\n\n\n\n\n \n\n\n\n\nStatutory results\n\n\n \n\n\n\n\n\n\n\nRevenue\n\n\n£123.5m\n\n\n£121.0m\n\n\n\n\nPBT incl. disposals\n\n\n£24.0m\n\n\n£36.1m\n\n\n\n\nBasic EPS\n\n\n22.94p\n\n\n37.46p\n\n\n\n\n \nHighlights\n \n· 9% revenue growth from continuing businesses. Organic growth of 7%1\no Training & Education division delivered 15% organic growth\no Intelligence division delivered 3% organic growth\n \n· Annual recurring revenues up 7%, now 39% (2022: 37%) of Group revenues\n \n· Adjusted profit before tax from continuing businesses up 30% to £24.1m (2022: £18.6m) reflecting continuing efficiencies of digital-first model\n \n· Operating profit margins continue to increase with Intelligence division reaching 23% (2022: 19%)\n \n· Net cash at 30 June 2023 £42.2m (2022: £20.5m) reflecting strong trading performance and cash conversion\n \n·  ...