Hardman & Co Research: Chesnara plc (CSN) - Good first half aided by markets and acquisitions

Hardman & Co Research Hardman & Co Research: Chesnara plc (CSN) - Good first half aided by markets and acquisitions 04-Oct-2023 / 15:30 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research | Financial Services Chesnara plc (CSN) | Good first half aided by markets and acquisitions Chesnara has announced its 2023 interim results. Good returns in equity markets, most notably in Sweden, and the benefit from acquisitions meant earnings were well ahead of our normalised estimates. Economic Value profit was £61.0m, including £28.4m from acquisitions, compared with a loss of £75.7m in 1H’22. Despite paying the final dividend, Economic Value increased 2% over the half year to £523.2m. Cash generation was solid, with commercial cash generation of £21.8m, while base cash generation was lower after the symmetric adjustment at £11.1m. As expected, the interim dividend was increased by 3% to 8.36p per share. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/good-first-half-aided-by-markets-and-acquisitions/ If you are interested in meeting the company, you can register your interest by clicking on the above link To contact us: Hardman & Co 1 Frederick’s Place London EC2R 8AE www.hardmanandco.com Follow us on Twitter @HardmanandCo Contact: Brian Moretta [e-mail]   Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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