Empiric Releases Trading Statement for 2019

Posted by Richard Ward in

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Empiric has released its full-year trading statement for 2019, highlighting that performance was in line with previous guidance.

The student specialists are expected to achieve a gross margin of c. 67% and a dividend cover in excess of 85%.

Administration costs for the business are due to come in at around £9.5 million and the company is on track to meet its aggregate dividend target of 5p per share for the year ending 31 December 2019.

For next year Empiric expects administration costs to remain broadly unchanged and is forecasting an enhanced gross margin, as well as an improvement in dividend cover to around 95% based on the current portfolio.