Building on our potential
Year in review 2017
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Our strategic goal is to deliver significantly improved operational and financial performance.
We are beginning to make initial progress towards the Group's medium term financial targets.
Meinie OldersmaChief Executive Officer
In a year of challenge and change, the Group delivered its first improvement in underlying operating profit in three years, including the benefit of property profits.
Nick MaddockChief Financial Officer
Medium term target: Growth in line with market
Underlying revenue (£m)*
Total revenue (£m)
* Before results attributable to businesses identified as non-core and Other items as disclosed in Notes 1 and 2 of the Financial Statements.
Prior years have been restated for the historic overstatements noted on page 31 and reclassified for businesses identified as non-core since signing of the 2016 Annual Report and Accounts.
Return on sales
Medium term target: c.5%
Underlying profit before tax (£m)*
Statutory profit/(loss) before tax (£m)
Return on capital employed
Medium term target: c.15%
Net debt (£m)
Headline financial leverage
Our goal is to deliver significantly improved operational and financial performance as a leading European supplier of specialist building materials.
Strategy in action
customer serviceCase study
Serving our Roofing customersInvesting in branches and sales
Plans to invest
customer valueCase study
Delivering customer value in Air HandlingProviding solutions across a broad range of segments
operational efficiencyCase study
Delivering operational excellence in FranceRobust cost and capital discipline
Like-for-like sales (LiTT)
Ahead of prior year