Half Year Results

Chief Executive, Johnny Thomson, gives an overview of the Group's performance

Building high quality scalable businesses for sustainable organic growth

We have a differentiated value-add distribution model delivered by brilliant people in an empowered decentralised culture. We have massive potential for organic growth. Our quality compounding model has been delivering for decades but we are only just getting started.

FY23 Highlights

Organic revenue growth

8 %

model: 5%

Adjusted operating profit margin

19.7 %

Model: 17%+

Adjusted EPS growth

18 %

Model: double-digit

Free cash flow conversion

100 %

model: 90%+

Net debt / EBITDA

0.9 x

Model: <2.0x


18.1 %

Model: high teens

Share price

Annual Report 2023

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Head of Investor Relations
Financial PR