Balance Sheet And Capital AllocationAnalyst highlights a solid balance sheet that supports organic investment, shareholder remuneration, deleveraging and selective acquisitions to fund strategic growth.
Integrated Business Model ResilienceAnalyst emphasizes that an integrated distribution and shipping model focused on high-value categories enhances resilience and helps the group outperform peers on revenue and profitability.
Product Mix And MarginsAnalyst notes a shift toward higher-value products in Distribution that can sustain revenue growth and preserve margins even if volumes soften.