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Ricardo PLC on Thursday said it is line to meet the company's expectations for financial 2022, as the company sets out its five year targets.
The West Sussex-based engineering and environmental consultancy laid its out five year targets, aiming to double underlying operating profit by 2027. In the year ended June 30, this amounted to £8.5 million.
It also eyes an underlying operating profit margin in the ‘mid-teens’ by financial 2027.
Further, Ricardo said it expects to keep its dividend policy of 2.5time to 3 times cover.
Shares in Ricardo were up 4.4% to 346.72 pence each in London on Thursday morning.
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