Today (Wednesday 24th January), we announced our interim results to the market for the period 1 May to 31 October 2023.
Mark Cutler, Chief Executive, commented: “These results represent a resilient performance in the face of expected challenging market conditions throughout FY2024, reflecting the benefits of the Group’s diversified end-market exposure.
“Despite the anticipated lower revenues, operating margin has been maintained at FY2023 levels, our balance sheet is stronger, and our future prospects are more compelling. We are very pleased with the acquisition of Rock & Alluvium shortly after the Period end.
“The Group is developing a strong market position in the energy and water sectors and is well placed to benefit from a recovery in activity levels in housing, construction, rail and highways in FY2025.”
For the full results and investor presentation, visit our investor pages here.