24
September 2024
RS Group
plc
Investor Event: The RS
Opportunity
RS Group plc, the global products
and services solutions provider for industrial customers, will
today host an Investor Event in London.
At the event, the Group's Executive
Committee will provide further detail on the Group's investment
proposition:
1. Well positioned in
growth markets
2. Differentiated
proposition driving market share gains
3. Investing to improve
efficiency and operating leverage
4. Disciplined
acquisitions accelerating growth
5. Significant value
creation opportunity for all stakeholders
The event will re-affirm
management's confidence in the Group's medium-term targets and
provide detail on how the Group will deliver:
· Revenue growth 2x market
· Mid-teen operating profit margin1 including a
further c. 150bp of cost efficiencies identified
· >80% cash conversion rate (previously >70%)
· >20% return on capital employed (ROCE)
No trading update will be provided
today as part of the Investor Event.
Presentation details
The Investor Event will commence at
2pm UK time at Events @ No 6, Alie Street, London E1 8QT.
Registration is required for institutional investors and analysts
that wish to attend the event in person or virtually. Please
contact InvestorRelations@RSGroup.com
for more information.
For attendees who wish to join the
event virtually, please register before 1pm UK time via the
following link: https://eu.eventscloud.com/ereg/index.php?eventid=200272128&.
A copy of the presentation and a
replay of the webcast will be available on the RS Group
website, www.rsgroup.com,
following the event.
1. Adjusted
to exclude amortisation and impairment of intangible assets arising
on acquisition of businesses, acquisition-related items,
substantial reorganisation costs, substantial asset write-downs,
one-off pension credits or costs, significant tax rate changes and
associated income tax.
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Enquiries:
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Kate Ringrose
Lucy Sharma
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Chief Financial Officer
VP Investor Relations
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020 7239 8426
020 7239 8427
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Martin Robinson / Olivia
Peters
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Teneo
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020 7353 4200
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Notes to editors:
RS Group plc is a global product and
service solutions provider for industrial customers, enabling them
to operate efficiently and sustainably. We stock over 800,000
products and list an additional five million, sourced from over
2,500 leading suppliers, to help 1.1 million industrial customers
maintain, repair and operate their industrial equipment and
facilities. With a technically led and digitally enabled approach
we are enhancing customer experience, delivering operational
excellence and simplifying the supply chain at every
step.
RS Group plc is listed on the London
Stock Exchange with stock ticker RS1 and in the year ended 31 March
2024 reported revenue of £2,942 million.