WE ARE THE MARKET LEADER IN DESIGN-LED, SUSTAINABLE BATHROOM AND KITCHEN PRODUCTS
We have a compelling investment case:
- Leading positions in the UK, Ireland and South Africa
- Recognised for design-led, sustainable product development
- Strong brand positions enable growth and leading returns
Scale enables growth, efficiency and ESG benefits.
We are more than the sum of our parts with collaboration and common processes and systems enabling benefits of scale:
Organic growth
- Cross-selling
- Cross-Group approach to new product development
- Developing and sharing consumer and market insights across Group
Operational Excellence (efficiency and customer service)
- Economies of scale in sourcing, freight, warehousing and distribution
- Common systems
ESG
- Shared approach to ESG reporting and data
- Developing and retaining a Group-wide strategically-aligned talent pool
- Growing a consistent culture and way of doing things
These initiatives are enabled through a determined, but low ego, culture and a strong balance sheet that supports our ability to optimise opportunities both at the individual brand and Group levels.
We have a proven track record of performing through the economic cycle.
Our resilient model is underpinned by:
- Market-leading brands
- A diversified portfolio across geographies, channels and product categories
- Brands that are positioned in the more resilient mid-premium RMI segment
- Resilient supply chain
- Successful M&A track record
- Ahead-of-market organic share growth
- Revenue and profit growth with excellent cash performance
- Disciplined capital allocation
- Progressive dividend policy
Significant opportunity to accelerate organic
and M&A growth and quality of earnings.
LARGE AND FRAGMENTED MARKET
We continue to operate in large and fragmented markets that provide opportunities for growing our market share and further consolidation through M&A.
We have carefully positioned the Group to be diversified across regions, categories and channels and orientated towards the more resilient mid-premium segment to manage our exposure to economic headwinds.
GROWTH IN SUSTAINABLE PRODUCTS MARKETS
We are well positioned in emerging and high-growth markets such as sustainable products.
We are developing a framework to classify our products as sustainable, based on both environmental and social criteria, and working with our brands to understand what proportion of our revenue comes from products classed as sustainable and the implications on future revenue growth.
OPPORTUNITIES TO DRIVE EFFICIENCY AND SHARE GAINS
Whilst we are performing well today, there are opportunities to modernise our operations and take advantage of our Group scale to drive efficiency and customer service.
We are already taking action in each of these areas to evolve and accelerate the growth of our Group.