Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Posts revenue of £450.0 million in 2022, up 24% from £363.3 million in 2021. Pretax profit rises by 45% to £28.6 million from £19.7 million, as adjusted pretax profit increases by 42% to £17.4 million from £12.2 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation improve by 34% to £450.0 million from £363.3 million. Declares a final dividend of 1.33 pence per share, up from 1.26p a year prior. This brings the total dividend for the year to 2.0 pence per share, up 5.8% from 1.89p the year prior.

Looking ahead, says it is on track to deliver £500.0 million revenue target by 2024. Expects annual performance in line with expectations.

Chief Executive Officer Shanker Patel says: ‘We entered 2023 in a strong financial position, which has enabled us to continue to invest in our 3Ps, as we pursue organic and acquisition-led growth opportunities.’

Current stock price: 72.90 pence each, up 6.0% on Wednesday afternoon in London

12-month change: down 19%

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