Chesnara Reports Strong 2024 Performance Amid Economic Gains

Chesnara plc has unveiled its 2024 performance results, highlighting a significant economic advancement over the previous year. The company reported an Economic Value profit of £69.1 million, marking a 17% rise from 2023's £59.1 million. This growth occurred despite varied operational outcomes.

The Economic Value saw a slight increase to £531 million from £525 million, influenced by a negative foreign exchange impact and dividend payouts. Notably, cash generation showed strength, with base cash at £51.6 million and commercial cash reaching £59.6 million.

Consistent with expectations, Chesnara increased its dividend by 3% to 24.69p. This marks the 20th consecutive year of dividend growth, underscoring the company's commitment to returning value to shareholders.