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A clear investment position

ESG is firmly embedded across our organisation both in the way we work and supporting our customers responsibilities
Leading positions in growth markets
Long-standing customer relationships with high levels of customer satisfaction and retention
High levels of long-term contracted and recurring revenues
Attractive operating margins and strong cashflows
Fragmented markets with significant acquisition opportunities
Track record in closing and integrating acquisitions with strong ROIC
Competitive advantage through Restore’s scale leading to cost advantages
Significant barriers to entry

Frequently asked questions

rnView and download answers to some common queries about our Group’s businesses.

Constitutional Documents

Articles of Association
Memorandum of Association
Admission to AIM
PDF
Thursday, March 16, 2023

Full Year Results 2022

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PDF
Thursday, March 16, 2023

Full Year Results 2022 Presentation

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PDF
Thursday, March 16, 2023

Full Year Results 2022 Video

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Financial highlights

£279.0m
2022 Revenue
£41.0m
2022 Adjusted PBT
7.4p
Dividend

Latest reports

pdf
Saturday, December 31, 2022

Annual Report 2022

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pdf
Saturday, December 31, 2022

Full Year Results 2022

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pdf
Saturday, December 31, 2022

Full Year Results Presentation 2022

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video
Saturday, December 31, 2022

Full Year Results Video 2022

Read More

Regulatory news

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Introduction

rn

Restore continued to achieve growth demonstrating the strength of the business and resilience of the markets we operate in.

rnI am pleased to report a further year of revenue growth, up 19.1% leading to another year of strong profit delivery. Business activity increased during the year and despite the economic and political challenges, the business has shown excellent organic revenue growth of 11% with acquisition related growth of 8%. rnrnAfter ending 2021 strongly the business continued to see expansion with activity levels rising across the Group despite the economic and political uncertainty. The growth we achieved, therefore demonstrates the resilience of our end markets, the execution of the whole team to deliver essential services to customers and the ability to win against the competition with our scale and excellent customer satisfaction.rnrn

Charles BlighrnChief Executive Officer

Key financial performance figures

Revenue
(£`m)
2020
£182.7m
2021
£234.3m
2022
£279.0m
Adjusted profit before tax*
(£`m)
2020
£23.2m
2021
£38.1m
2022
£41.0m
*Before amortisation of intangible assets, impairment and exceptional items.
Adjusted basic earnings per share*
(p)
2020
15.0p
2021
23.2p
2022
24.3p
*Before discontinued operations, amortisation of intangible assets, impairment and exceptional items.
Dividend per share
(p)
2020
Nil
2021
7.2p
2022
7.4p

Quick links

PDF
Thursday, March 16, 2023

Full Year Results 2022

Read more
PDF
Thursday, March 16, 2023

Full Year Results 2022 Presentation

Read more
PDF
Wednesday, March 16, 2022

Full Year Results 2022 Video

Read more

Share price information

Share price graph

Share price data

Latest dividend information

rnRestore aims to balance providing returns to shareholders with the investment and working capital requirements of the Company and has a strong record of dividend payments to investors.rnrnYour Board is recommending a final dividend of 4.8 pence per ordinary share for the year ended 31 December 2022. Subject to shareholder approval, the dividend will be payable on 7 July 2023 to shareholders on the register at 9 June 2023. This brings the dividend for the full year to 7.4 pence (2021: 7.2 pence).

Dividend history

Dividend per share (p)
2021 7.2
2020 Nil
2019 2.4
2018 6.0
2017 5.0
2016 4.0
2015 3.2
2014 2.4
2013 1.9
2012 1.5

Analyst coverage

2023 2024 2025
£m (unless stated otherwise) Consensus High Low Consensus High Low Consensus High Low
Revenue (£’m) 299.0 305.0 295.8 312.6 318.2 307.1 325.0 335.3 318.0
Adjusted EBITDA (£’m)* 87.7 89.3 87.0 91.8 94.2 89.9 96.0 98.0 93.6
Adjusted profit before tax (£’m)* 41.2 42.0 41.0 46.1 46.6 45.5 51.2 53.8 50.0
Adjusted EPS (FD) (pence)* 22.8 23.5 22.5 24.9 25.2 24.7 27.6 29.0 26.9
Notes
The analysis table does not constitute a forecast or financial guidance by Restore plc. Contact details for market analysts is provided below.
* Stated before adjusting items. Adjusted EBITDA is after the effects of IFRS16.
Based on most recent 7 Analyst reports received as at 25 May 2023.

Market analysts

Company Analyst Contact Number Email
Peel Hunt Christopher Bamberry +44 (0)20 7418 8835 [email protected]
Canaccord Genuity James Wood +44 (0)20 7523 8399 [email protected]
Singer Capital Markets Greg Poulton +44 (0)20 7496 3184 [email protected]
Berenberg Calum Battersby +44 (0)20 3753 3118 [email protected]
Investec Tom Callan +44 (0)20 7597 6712 [email protected]
Citi Avinash Mundhra +44 (0)20 7986 6230 [email protected]
Panmure Gordon Andy Smith +44 (0)20 7886 2760 [email protected]

Shareholder data

Significant shareholders

Significant shareholder Number of 5p ordinary shares Percentage of issued share capital
Octopus Investments Limited 17,021,501 12.4%
Invesco (Oppenheimer Funds) 13,402,909 9.8%
Canaccord Genuity Wealth Mgt (London) 10,550,332 7.7%
Royce & Associates 8,459,740 6.2%
Slater Investment 6,554,976 4.8%
Charles Stanley 5,530,434 4.0%
Investec Wealth & Investment 5,097,844 3.7%
Franklin Templeton 4,831,011 3.5%
Janus Henderson Group plc 4,396,531 3.2%
Chelverton Asset Management 4,000,000 2.9%

Financial calendar

rnThe financial calendar for the year 2023.

Date Events
31 December 2022 Financial Year End
1 February 2023 Normal Trading Update
16 March 2023 Full Year Results 2022
15 May 2023 Trading Update
16 May 2023 Annual General Meeting
4 July 2023 Trading Update
16 August 2023 Half Year Results 2023
November 2023 (TBC) Capital Markets Day

Contacts

Public relationsrnrnBuchanan Communications Ltdrnrn107 CheapsidernrnLondon EC2V 6DNrnrnTel: 020 7466 5000

Nominated adviser and brokerrnrnInvestecrnrnTel: 0207 597 5970