Springfield has delivered record results for FY21. Whilst the headline numbers were largely flagged in July’s trading update, we note the strategic progress that is being made (development of Villages, sustainability initiatives, ongoing investment in land pipeline). Profit growth (+81%) and cash generation (+£50m) are clear highlights, paving the way for a step change in the dividend (FY21 DPS 5.8p versus 4.0p forecast). We are forecasting underlying double digit profit growth throughout the fo ....
14 Sep 2021
Prelims confirm outstanding FY21 performance
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Prelims confirm outstanding FY21 performance
Springfield Properties PLC (SPR:LON) | 97.5 3.4 3.7% | Mkt Cap: 115.7m
- Published:
14 Sep 2021 -
Author:
Greg Poulton -
Pages:
3
Springfield has delivered record results for FY21. Whilst the headline numbers were largely flagged in July’s trading update, we note the strategic progress that is being made (development of Villages, sustainability initiatives, ongoing investment in land pipeline). Profit growth (+81%) and cash generation (+£50m) are clear highlights, paving the way for a step change in the dividend (FY21 DPS 5.8p versus 4.0p forecast). We are forecasting underlying double digit profit growth throughout the fo ....