Increased EBITDA
EBITDA improved by over GBP 3 million to GBP 53.5 million, demonstrating margin increase despite a 7% volume reduction in revenue.
Debt Management Success
Significant efforts in extending the maturity profile of the company's debt, with next maturity in 2028 after refinancing over GBP 700 million.
Operational Efficiency Initiatives
Completed all FY '26 EBITDA improvement initiatives and on track for FY '27, highlighting projects like V4 plant in Spain and Belgium to Turkey rugs manufacturing transition.
Strong Market Position in Australia and U.S.
Despite market volatility, Australia showed growth in hard flooring sales, and U.S. margins are being managed successfully.
CapEx Strategy
New CapEx guidance indicates a reduction to GBP 50-55 million per annum, focusing on maintenance and selective expansion.