TClarke delivers in the First Year of £500m Revenue Growth Plan : Highlights
9/3/22
Financial Highlights
| RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER | 2021 | 2020 | Change |
| Revenue | £327.1m | £231.9m | +41% |
| Operating profit – adjusted | £8.8m | £6.0m | +47% |
| Profit before tax-adjusted | £7.8m | £5.1m | +53% |
| Earnings per share-adjusted | 14.99p | 10.29p | +46% |
| Net cash at year end | £5.3m | £10.2m | -48% |
| Total dividend per share | 4.85p | 4.4p | +10% |
| Operating profit-reported | £8.8m | £2.1m | +319% |
| Profit before tax-reported | £7.8m | £1.2m | +550% |
| Basic earnings per share-reported | 14.99p | 2.87p | +422% |
2020 adjusted operating profit, profit before tax and earnings per share are stated before amortisation of intangible assets and restructuring costs. There were no such costs in 2021.
Operational Highlights
· Performance accelerated into the second half of 2021
· Forward Order Book reaches record level of £534m
· Successfully positioned winning larger projects outside of London
· Data Centre business expanding
· Further progress made in broadening healthcare and smart building offering
· The Group remains on track to achieve its growth plan to reach £500m annual revenue
Mark Lawrence, CEO commented
“The business is in excellent shape having finished 2021 on a high and delivering the first year of our £500m revenue growth plan, winning a wide range of work across our chosen market sectors. This is clearly reflected in the strength of our order book which again has reached a new record high.
We offer our clients the widest possible range of services from a single contractor, complemented by the depth of our resources.
It is this quality and commitment of our people that gives us real confidence for the future performance of TClarke.”