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:
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).
Emma Versluys, Company Secretary
+44 (0) 113 831 5315
+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.