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We are continuing to drive sustainable growth to create long-term value for all stakeholders.


Exciting growth prospects

  • Our business covers 10 core sectors which serve a diversified range of markets, including those with strong growth potential in the UK and Europe.

  • This is reinforced by the recent acquisition of Voortman Steel Construction Holdings B.V. (‘VSCH’), strengthening our market position in Europe, giving us a manufacturing presence and access to new high-growth sectors.

  • We continue to strive to diversify, looking for new market areas where the business has not operated in the past and taking advantage of our existing capacity and expertise.

  • Significant opportunity to build value in India, capitalising on the country’s strong economic growth and conversion from concrete to steel as the primary building material.

  • We are in a prominent market position in the ‘green’ high-growth markets of the future, as the UK and world aim to deliver on Net Zero commitments.


Resilient business through economic cycles

  • We have significant sector, geographical and client diversity, insulating us from downturns in macroeconomic cycles.

  • Our business is a key provider of core infrastructure, such as transport, energy, defence, health and education – all areas that require continual investment in a prosperous economy.

  • We have good earnings visibility from our high-quality order books and a strong pipeline of opportunities in the UK and Europe across all of our chosen sectors.


Built on a platform
of operational excellence

  • We have an ongoing programme to drive operational improvements and efficiencies across the Group. This allows us to deliver high-quality projects for our customers whilst optimising costs.

  • During the year we launched Project Horizon, our new digitisation project. This is a long-term initiative to support our strategy through developing and enhancing our systems and processes and keeping us at the forefront of technology and innovation as the market leader in the industry.

  • We have invested over £60m in capital expenditure over the last ten years, keeping our productions facilities and operations at the cutting edge. This will continue as we further automate our production processes through the use of robotics and other innovative methods.


Delivering strong returns, cash generation and progressive dividend

  • ROCE is an important metric for us and our five year average ROCE is greater than 15%.

  • Our operations generate strong cash flows and we target the conversion of more than 85% of our annual profit into cash.

  • We have a progressive dividend policy and look to increase our core dividend in line with profit growth and we have historically returned surplus capital to shareholders through special dividends.


All underpinned
by a strong focus
on sustainability

  • We have established an internal roadmap to Net Zero on scope 1 and 2 emissions by 2040 and scope 3 emissions by 2050.

  • Our market-leading approach to ESG has been recognised in our listing in the Financial Times Europe Climate Leader’s 2023 report for the third time.

  • Member of the United Nations ‘Race to Net Zero’ Campaign which requires the establishment of a Net Zero target in line with a 1.5-degree world.

  • We are a SteelZero signatory – making the commitment to procure 100 per cent low carbon steel by 2050.

  • Our manufacturing and construction operations are accredited as carbon neutral.