Clarkson (CKN) H2 2024 earnings summary

Executive summary

• Achieved record financial performance in 2024, with revenue and profits reaching new highs year-over-year.

• Maintained a strong balance sheet and significant free cash resources, supporting ongoing investment and growth.

• Broking division remained the primary revenue and profit driver, with notable growth in support and research segments.

Financial highlights

• Revenue rose 3.4% to £661.4m compared to 2023.

• Underlying profit before tax increased 5.6% to £115.3m; reported profit before tax up 3.0% to £112.1m.

• Underlying EPS grew 4.3% to 286.9p year-over-year.

• Net available funds reached £243.7m at year-end, up from £201.3m.

• Free cash resources increased to £216.3m from £175.4m.

Outlook and guidance

• Forward order book remains robust, with $231m for 2025 invoicing, up from $217m for 2024.

• Emphasis on progress, technology, and market intelligence to maintain leadership.

• Market conditions expected to soften in early 2025, but long-term fundamentals remain positive.