Mears Group (MER.L) reported fiscal 2024 profit before tax of 64.1 million pounds, up 37% from last year. EPS was 48.9 pence compared to 31.9 pence. For the year ended 31 December 2024, Group revenues were up 4% to 1.13 billion pounds.
Mears said it has made a strong start to 2025 and, at this relatively early stage, is increasing its guidance and expects to be modestly ahead of market expectations with expected revenue of no less than 1.05 billion pounds and adjusted profit before tax of no less than 50 million pounds.
The Board recommended a final dividend of 11.25 pence, increasing the full year dividend by 23% to 16.00 pence.
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