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Bodycote pays out special dividend after an almost perfect year

Profits climbed 27% to £117mln on revenue of £690mln on helpful currency movements, new car and plane contracts alongside growth in emerging markets
Welder
Ordinary dividends rose by 10% to 17p

Bodycote PLC (LON:BOY) rewarded shareholders with a 25p special dividend after everything went its way in 2017.

Profits climbed 27% to £117mln on revenue of £690mln, a 15% increase, on helpful currency movements, new car and plane contracts alongside growth in emerging markets.

READ: Bodycote to provide manufacturing services for aerospace technology group Safran

Ordinary dividends rose by 10% to 17p.

Stephen Harris, Bodycote chief executive, said 2018 had started well, but added that foreign currencies were now a head rather than a tailwind.

Harris also said that although inflation was picking up, the company tended to perform well in these situations.

He added: "Our business, by its nature, has limited forward visibility, but we have entered the year with good momentum."

Bodycote shares were up 2% in morning trading Tuesday at 929p.

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