Clear growth focus


Organic growth
What this means and how we do it

We grow through a customer focused sales strategy relevant to each of our market sectors.

We continually enhance our product portfolio through innovation and cross selling.

We work with regulators to influence building regulations that drive adoption of low-carbon ventilation solutions.

Our breadth and diversity of both geographies and end-market applications give resilience to our organic growth.

Progress in year

+2.8%
Organic revenue growth
(constant currency)
Value-adding acquisitions
What this means and how we do it

We acquire brands and businesses that broaden our market access and positions.

We target businesses aligned with our purpose and focused on ventilation and air quality.

We have a proven integration approach generating strong acquisition synergies.

Our disciplined pricing and value-creation approach drives attractive returns.

Progress in year

+11.0%
Inorganic growth from acquisitions

Operational excellence
What this means and how we do it

We strive to achieve product cost leadership through our joined-up sourcing, engineering and manufacturing approach.

We continually seek opportunities for efficiency and waste reduction.

We support and develop our people and organisational capability.

Our asset-light model drives leading operating margins.

Progress in year

23.2%
Adjusted operating profit margin

Sustainability
at our core

We are part of the Green Economy. We are committed to a low-carbon future, with the health and wellbeing of people and the planet at its core.


Our commitment to sustainability is deeply embedded in both our purpose and strategy. We are focused on improving our operations, our product proposition and how we fit into the circular economy.