Interim Results
H1 2023
7 Dec 2022
Disclaimer
This presentation (the "Presentation") has been prepared by Redde Northgate Plc (the "Company" and, together with its subsidiaries, the "Group"). For the purposes of this notice, "Presentation" means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed before, during or after the Presentation meeting. This information, which does not purport to be comprehensive, has not been verified by or on behalf of the Group. This Presentation is for informational purposes only and does not constitute an offer or invitation for the sale or purchase of securities or any businesses or assets described in it, nor should any recipients construe the Presentation as legal, tax, regulatory, or financial or accounting advice and are urged to consult with their own advisers in relation to such matters. Nothing herein shall be taken as constituting investment advice and it is not intended to provide, and must not be taken as, the basis of any decision and should not be considered as a recommendation to acquire any securities of the Group.
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Agenda
Overview | Martin Ward | |
Financial Review | Philip Vincent | |
Martin Ward | ||
Business Update | Martin Ward | Chief Executive Officer |
Q&A |
Philip Vincent
3 | Chief Financial Officer |
Overview
Martin Ward
4 4
H1 2023 Overview: Financial performance
Underlying Trading
Revenues: | + 20% to £627.6m |
EBIT: | + 7.0% to £93.4m |
PBT: | + 6.1% to £83.7m |
ROCE: | 1.0ppt increase to 13.5% |
Leverage: | 1.6x (H1 2022 1.5x) |
Revenue (£m)PBT (£m)
627.6 | |||
83.7 | |||
+20% | +6.1% | ||
H1 2022 | H1 2023 | H1 2022 | H1 2023 |
Reflecting Board confidence, | £60m share buy back; | ||||
interim dividend increased | |||||
£56m | purchased | by end Nov | |||
to 7.5p (H1 2022: 6.0p) | £60m | ||||
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Redde Northgate plc published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 09:21:04 UTC.