Growth in Revenue and Orders
Revenues grew by 4% on a constant currency basis, driven by high levels of mining activity. Orders in the first half totaled GBP 1.3 billion, an increase of 8%.
Significant Margin Expansion
Operating margins expanded by 220 basis points to 19.8%, with an upgraded full year guidance of circa 20% operating profit margins.
Successful Acquisition Strategy
Completed acquisitions of Micromine, Townley, and a strategic investment in CiDRA, enhancing digital, product extension, and geographic expansion strategies.
Performance Excellence Program Success
On track to deliver GBP 80 million in cumulative savings by 2026, with GBP 40 million savings achieved to date.
Strong Cash Flow and Dividend Growth
Maintained a high level of free operating cash conversion at 62% and supported another year of dividend growth.