French marketing and communications group HighCo on Thursday reported a better-than-expected financial performance for its 2022 financial year.

In a press release, the company said it expects an operating margin of 21% for the full year, up 70 basis points on 2021, above its target of 20.8%.

HighCo says it benefited from slight growth in its business, which was driven by the good momentum of its mobile activities (+12.2%), which brought digital to two-thirds of the Group's gross margin.

This growth, combined with tight cost control, enabled the company to achieve solid operating profitability, and to recommend payment of a very sharp dividend increase (+25%) to 0.40 euros per share, a record amount in the company's history.

Following these announcements, the share price climbed 6.5% on Thursday on the Paris Bourse.

Copyright (c) 2023 CercleFinance.com. All rights reserved.