We hosted an investor presentation with the senior management of Strix Group plc, where Mark Bartlett (CEO), Raudres Wong (CFO) and Harry Kyriacou (CCO & Managing Director, Consumer Goods) discussed:
- the performance in Kettle Controls where improvement is slower than anticipated
- the transformational and EBITDA contributing acquisition of Billi
- highlighted the plan to reduce net debt / EBITDA to below 1.5x in the medium term
- discussed areas of new product development
- outlined revenue & gross profit projections for each business unit out to 2026.
Strix Group is the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components. Management were discussing their Interim Results to the period ended 30 June 2023, and the strategic business objectives for the group to end 2026 as outlined in their Capital Markets Day.
The video has been divided into chapters as below:
0:00:30 H1 highlights in detail
0:10:29 Financials
0:20:33 Business Categories
0:27:38 Outlook
0:30:16 Strategic Business Objectives (SBOs)
0:32:54 Group financials
0:35:40 Strix Kettle Controls
0:42:05 Billi
0:48:25 Consumer Goods
1:03:05 Human Resource Strategy & ESG
1:10:45 Summary
1:12:07 Questions & Answers
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