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Our purpose is to develop better ways to build, for a world of changing demands. We will achieve this through the Group's strategy which is focused on its core strengths of engineering and construction in the UK, Republic of Ireland and continental Europe.
Our well-established strategy is unchanged, focused on growth, both organic and through selective acquisitions, operational improvements and building further value in JSSL. This is supported by an emphasis on five key strategic pillars and assisted by our operational improvement programme and Project Horizon, our new digitisation programme.
The objective of Project Horizon is to maximise the automation of our estimating, design, production and contract delivery processes to improve customer service and increase efficiency, and our operational improvement programme represents the consolidation of all the Group's other ongoing improvement projects, established to help us deliver the Group's overall strategy.
These include improvements in business processes, manufacturing efficiencies (including those supported by capital investment), quality control, cost reduction programmes and new product development, all set within the framework of strong risk management and control. These initiatives have served the Group well during the pandemic, the recent inflationary market conditions and other periods of market turbulence.
Growth
Clients
India
OperationalExcellence
People
Our aim is to capitalise on growth opportunities, both in the UK and in Europe, and to maximise our market share.
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By understanding, anticipating and responding to client needs we aim to build secure, sustainable and mutually valuable relationships and create lasting client satisfaction.
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Our aim is to build value in JSSL and we remain very positive about the long-term development of the Indian market.
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Our emphasis is on delivering high-quality projects and reducing costs by driving excellence through our core business processes.
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Our people are at the heart of our business and are vital to the success of our vision and the achievement of our strategic goals.
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1
Underlying operating profit and margin (before JVs and associates)
2
Underlying basic earnings per share (‘EPS’)
3
Revenue growth
4
Operating cash conversion
5
Return on capital employed (‘ROCE’)
6
Order book
7
Injury frequency rate (‘IFR’)
A
Health and safety
B
Supply chain
C
D
Commercial and market environment
E
Mispricing a contract (at tender)
F
Cyber security
G
Failure to mitigate onerous contract terms
H
Sustainable and responsible business
I
Industrial relations
In 2023, we continued to make good operational and strategic progress, helping to generate sustainable long-term value for our stakeholders.