Strong Organic Revenue Growth
The company achieved strong organic revenue growth of 9.7% and a total revenue increase of 30% year-on-year, surpassing $500 million for the first half of the year.
Successful Integration of Murat Ticaret
The integration of Murat Ticaret is progressing well, contributing to revenue growth and enhancing the company's capabilities in the off-highway market.
Consistent Operating Margins
The company maintained operating margins of 9.2%, within the target corridor of 9% to 10%, marking the fifth consecutive year of achieving these margins.
Record Revenue in Electric Vehicles
Achieved a record $80 million in revenue from electric vehicles in the first half, with 20% organic growth across the portfolio.
Increased Interim Dividend
The interim dividend was increased by 7% to 1.5 pence per share, marking the fifth consecutive year of dividend growth.
Successful Expansion of Manufacturing Footprint
The company expanded its manufacturing footprint by 15% with new facilities in India, Mexico, and Indonesia, and further expansion is planned in Turkey.