March 24, 2017

2016 Full Year Results Announcement

Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces its results for the year ended 31 December 2016. Ticker: BHY: Main market premium listing: FTSE: construction & materials.


  • Revenue increased 74% to £306.8m (2015: £176.2m)
  • Profit before tax increased 22% to £39.5m (2015: £32.4m)
  • Earnings per share increased 23% to 21.5p (2015: 17.5p)
  • Proposed final dividend of 4.50p (2015: 3.80p), giving a total for the year of 7.00p (2015: 6.10p), a 15% increase
  • Net asset value per share increased 5% to 177p (2015: 168p)
  • Conservative gearing at 14% (2015: 18%), net debt £32.9m (2015: £38.9m)
  • Strategic land acreage now 11,888 acres (2015: 11,061 acres)

Commenting on the results, Chairman, Jamie Boot said:

“I am delighted to report a 22% increase in profit before tax to £39.5m for the year ended 31 December 2016. Each of our three business segments performed well, notwithstanding the macroeconomic concerns after the EU referendum result, and we have built a strong pipeline of schemes to be delivered over 2017-2019.”

Commenting on the results, Chief Executive Officer, John Sutcliffe said:

“In my first business review since taking over as Chief Executive Officer on 1 January 2016, I am very pleased to report that Henry Boot PLC has delivered yet another strong operational performance, financial result and earnings per share growth of 23%. Our strategy and the Company organisation remains unchanged, as do the key metrics by which we manage and monitor our business segments. 2017 has started well in all our businesses and we confidently look forward to a year of further progress.”

Click here to view the full 2016 Full Year Results Announcement

For further information, please contact:

Henry Boot PLC

John Sutcliffe, Chief Executive Officer

Darren Littlewood, Group Finance Director

Tel: 0114 255 5444

Investec Bank plc

Garry Levin/Carlton Nelson/David Anderson

Tel: 020 7597 5970

Hudson Sandler LLP

Nick Lyon/Wendy Baker

Tel: 020 7796 4133

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The Modern Slavery Act 2015 - Group Statement: View here

Henry Boot PLC and its Group Companies welcome the introduction of the Modern Slavery Act 2015 (the “Act”) including any measures which seek to bring about greater transparency and scrutiny into our various supply chains, in order to combat slavery and trafficking activities.

In accordance with the legislation, we have produced a Human Trafficking and Slavery Statement (the “Statement”), setting out the introduction of various measures throughout our supply chain management which will be most effective at reducing the risk of slavery and trafficking activities being present within our business operations. These measures include the introduction of an Anti-Slavery Policy, due diligence requirements, and mandatory contract clauses seeking compliance by our supply chain with appropriate anti-slavery measures.

We will be regularly working with our partners, contractors, suppliers and other stakeholders to bring these measures into effect, and then to review their effectiveness and consider any changes or additional measures which such a review highlights.

Click to access our Statement here.

John Sutcliffe
Chief Executive Officer
Henry Boot PLC
January 2017