DWF reports 15 per cent revenue growth in ‘milestone year’
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Andrew Leaitherland
DWF Group plc, with offices in Edinburgh and Glasgow, saw revenue growth of 15 per cent in a “milestone year” which saw it become the largest listed full-service legal business on the London Stock Exchange.
In an inaugural results statement, the group said revenue was up by 15 per cent, or 12.5 per cent on an underlying organic basis, to £272 million in the 2018/19 fiscal year.
Earnings before interest, tax, depreciation and amortization (EBITDA) were up nine per cent to £33.6 million, and adjusted profit before tax was up 13 per cent to £26.1 million.
Net debt was also down by £19 million to £35.3 million.
Group CEO Andrew Leaitherland said: “These results mark the end of a milestone year for DWF, in which we became the largest listed full-service legal business on the London Stock Exchange.
“I am pleased to report another strong period of revenue and profit growth for our maiden results post IPO, driven by an uplift across all four divisions, with International and Connected Services the standout performers.”
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