Strong Cash Flow Conversion
Cash flow conversion was very strong at 107%, with continued good working capital management and ROCE stable at 15%.
Growth in Key Segments
RS PRO grew sales by 4% with growth in all regions, and the e-procurement solution saw a 9% growth, reflecting a 7% increase in like-for-like service solutions revenue.
Resilient Performance in Americas and Asia Pacific
Americas saw like-for-like revenue growth of 1%, and Asia Pacific's revenue was up 4% on a like-for-like basis, with growth in Australia, New Zealand, Southeast Asia, and Japan.
Digital and Pricing Optimization
Significant improvements in digital and pricing optimization, including a 2% improvement in Add to Cart rate and a 5% improvement in basket to order conversion.
Cost Management and Efficiency
Active cost management resulted in flat costs despite inflation, with restructuring and integration benefits leading to a GBP 47 million savings over the last 2 years.