Genuit Group PLC Capital Markets Day Notification (2781H)
23 November 2022 - 6:44PM
UK Regulatory
TIDMGEN
RNS Number : 2781H
Genuit Group PLC
23 November 2022
23 November 2022
Genuit Group plc
Capital Markets Day
Genuit Group plc ("Genuit" or the "Group"), the UK's largest
value-added manufacturer of sustainable water, climate and
ventilation products for the built environment, is hosting an
in-person Capital Markets Day for investors and analysts today,
Wednesday 23 November, at 10.30am GMT at the Group's Adey business
in Gloucestershire.
The event is being hosted by Joe Vorih, Chief Executive Officer,
Paul James, Chief Financial Officer and Matt Pullen, Chief
Operating Officer, alongside senior leaders across the
business.
The Capital Markets Day will focus on the Group's strategic
evolution, highlight the broad range of applications and the
climate challenges addressed. Management will set out how Genuit
will be simplified into three businesses focused on markets driven
by sustainability, namely (i) Climate Management Solutions; (ii)
Water Management Solutions; and (iii) Sustainable Building
Solutions.
Management will also lay out Genuit's Sustainable Solutions for
Growth strategy. This will drive organic growth above market by
focusing on climate and water management solutions and leadership
as the low-carbon supplier of choice. Improvements in operating
margins will come from simplifying the business and lean
transformation with the Genuit Business System, enabling better
leverage of disciplined, strategic M&A in turn. We will also
set out medium term targets to drive the Group's operating margin
to at least 20%, improve cash conversion to at least 90% and
achieve ROCE of above 15%. We also confirm our existing dividend
policy and leverage parameters.
No new information will be provided on current trading further
to the Group's last trading update, which was published on 25
October 2022.
The event will also be broadcast live for those unable to attend
in person. To access the live presentation, participants will be
required to register in advance using the following webcast
link:
https://www.investis-live.com/genuit-group/636155269de0710d0008ec1a/mlcw
Participants are requested to register 15 minutes before the
start of the presentations at 10.15am GMT.
Questions can be typed in and submitted via the webcast
link.
A recording of the presentation and a copy of the slides will be
available following the event on Genuit's website at Results,
Reports & Presentations - Genuit Group plc (formerly Polypipe)
.
Enquiries:
Genuit
Emma Versluys, Company Secretary +44 (0) 113 831 5315
Brunswick
Nina Coad
Tom Pigott +44 (0) 20 7404 5959
Notes to Editors:
Genuit Group plc ("Genuit", the "Company" or the "Group"), a
leading provider of sustainable water and climate management
solutions for the built environment, is the largest manufacturer in
the UK, and among the ten largest manufacturers in Europe, of
piping systems for the residential, commercial, civils and
infrastructure sectors by revenue. It is also a leading designer
and manufacturer of energy efficient solutions in water-based
heating systems in the UK.
The Group operates from 30 facilities in total and manufactures
the UK's widest range of solutions for heating, plumbing, drainage
and ventilation. The Group primarily targets the UK and European
building and construction markets with a presence in Italy and the
Netherlands, and sells to specific niches in the rest of the
world.
Genuit Group plc changed its name from Polypipe Group plc on 6
April 2021. The Group was established in 1980 and has been listed
on the premium segment of the London Stock Exchange since 2014.
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END
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