Pest control firm Rentokil Initial Plc. (RTOKY.PK,RTO.L) reported Thursday that its fiscal year 2022 profit before tax fell 9.1 percent to 296 million pounds from last year’s 325 million pounds.<\/p>\n
Earnings per share were 11.57 pence, down 18.3 percent from 14.16 pence a year ago.<\/p>\n
Adjusted profit before tax was 532 million pounds, compared to 416 million pounds last year. Adjusted earnings per share were 21.22 pence, compared to prior year’s 17.99 pence.<\/p>\n
Revenue for the year climbed 25.6 percent to 3.71 billion pounds from 2.96 billion pounds a year ago. Revenues grew 19.1 percent at constant currency rates.<\/p>\n
Further, the Board is recommending a final dividend in respect of 2022 of 5.15p per share, payable to shareholders on the register at the close of business<\/span> on April 11, to be paid on May 17.<\/p>\n This equates to a full-year dividend of 7.55p per share, an increase of 18.2 percent compared to 2021.<\/p>\n Looking ahead for fiscal 2023, Rentokil Initial projects group adjusted operating margin to increase to around 16.5 percent and North America adjusted operating margin to around 19.5 percent.<\/p>\n Further, the company increased medium term guidance for organic revenue growth to at least 5.0 percent from previously expected 4.0 percent-5.0 percent. The revision reflects ongoing operational and strategic plans, combined with the benefits from the acquisition and integration of Terminix.<\/p>\n In fiscal 2025, the company expects to deliver a group adjusted operating margin of greater than 19.0 percent.<\/p>\n For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. <\/p>\n