A culture of sustainable innovation
Financial Highlights
Revenue
£m
£622.2m
+4.7%
Underlying Operating Profit
£m
£98.2m
+3.0%
Investment proposition
Long-term sustainability
1
Number 1 or 2 market leadership positions in our chosen segment
2
Genuit Business System, focused on maximising growth, lean thinking, and leadership behaviours
3
Innovation levels which drive profitability
4
Sustainability is at the heart of everything we do, with medium and long-term targets driving our decisions and focus
5
Disciplined M&A as an enabler of accelerated growth
6
Resilient financial performance through the cycle with high levels of cash conversion
Business model
Our purpose is to address the challenges caused by climate change and urbanisation by providing water and climate management solutions. We’re helping construction build better.
Our resources
People
Experts knowledgeable on our customers’ applications and empowered to act.
IP/Expertise
Innovation, continuous improvement and unique IP defends our market positions.
STRONG LEADERSHIP
Clear direction and focused resource allocation enables our colleagues to deliver our strategic vision.
CAPITAL INVESTMENT
Disciplined capital allocation to fund sustainable profitable growth, consistent with our strategic objectives.
How we create value
CREATING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS
Customers
Quality and innovative products, engineered solutions that enable a sustainable built environment, support, value, range, bespoke solutions, market leading brands.
Shareholders
Dividend, capital growth opportunity, responsible and ethical investment.
Employees
Training and skills development, commitment to diversity, direct engagement and empowerment, providing a chance to make a difference.
Suppliers
Long-standing relationships, fair negotiation, certainty on payment, reputation, visibility on revenues.
Communities and the environment
Working towards a sustainable built environment, sustainable products and practices, enhancing the environment, while engaging with communities and charities.
Our Strategy
Our Sustainable Solutions for Growth strategy builds on our successful history, market positions and the deep knowledge and expertise of our people, whilst seeking to clarify how we will outperform the wider market and unlock value from within the Group.
Leadership statements
Creating a better built environment
Sustainability continues to be at the heart of our growth agenda
Kevin Boyd,
Independent Non-Executive Chair
Download Chair's statement
Our Results: Progress in the face of challenge
Robust financial performance achieved in a year of considerable macro economic and political uncertainty with continued levels of high inflation and constraints in supply chain
Joe Vorih,
Chief Executive Officer
Download CEO's statement
A strong performance despite uncertainty
The Group continues to experience a strong performance despite macroeconomic and political uncertainty, ongoing high inflation and supply constraints
Paul James,
Chief Financial Officer
Download Financial review