Acquisition StrategyAcquisition of Trival and Keymat Tech increases Defence/Security exposure and brings highly profitable, fast-growing businesses that are expected to support future earnings upgrades.
Financial StabilityStrong cash generation and robust gross margins, together with pro-forma leverage comfortably within target range, support the group's financial flexibility for growth and M&A.
Order MomentumControls division is showing improving order momentum with sustained intake growth, indicating a recovery in demand that could lift revenue visibility.