Restore PLC - Redhill, England-based document management and IT recycling business - Posts a pretax profit of GBP23.0 million in 2021, multiplied from GBP4.0 million recorded in 2020. This was on full-year revenue of GBP234.3 million, up 28% from GBP182.7 million the year before. Credits the results to a good performance across all business units and eight successful acquisitions that drove increased scale and capability.
Reinstates a final dividend of 4.7 pence, bringing its total payout to 7.2p.
Says trading this year has started well. Expects to make further progress this year.
"Our strong organic growth and eight successful strategic acquisitions have delivered an outstanding performance with record results for 2021," Chief Executive Charles Bligh says.
"With excellent sales momentum, activity levels further increasing across all our markets and a well-progressed pipeline of acquisitions, I am confident our success will build further in 2022 and beyond."
Current stock price: 441.00 pence, up 3.8% on Wednesday
12-month change: up 25%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Restore (RST)