# Strix Group Plc capital markets day 14:00 GMT today

- Link: https://www.directorstalkinterviews.com/strix-group-plc-capital-markets-day/412934726
- Published: 2020-11-03T07:09:21+00:00
- Author: Giles

**[Strix Group Plc](https://www.directorstalkinterviews.com/company/strix-group-plc/ketl.l)**(
LON:KETL), the AIM quoted global leader in the design, manufacture and supply of
kettle safety controls and other complementary water temperature management components,
will be hosting a virtual Capital Markets Day starting at 14:00 GMT today to provide
an update on its medium-term strategy and current trading.

Medium-term strategy update:-

 * The Board expects to double Group revenues over the next five years primarily
   through organic growth in its Water and Appliances categories;
 * Continue to grow market share in Kettle Controls;
 * Invest in compelling growth opportunities with particular focus on new product
   development and commercialisation strategy that support the medium-term growth
   ambition; and
 * Execute on ESG commitments to provide a safer sustainable future for its customers.

Update on current trading:-

 * Strong order book visibility for December now underpins Board’s confidence that
   2020 profitability for the Group (excluding the impact of the LAICA acquisition)
   will show modest growth versus prior year;
 * Record sales since June have been driven by replenishment of pipe-line stock 
   and a better than expected seasonal uplift;
 * Buffer stock implemented to minimise any disruption during Brexit negotiations
   and all manufacturing locations remain fully operational; and
 * Adjusted net debt remains in line with expectations and the Group has a strong
   liquidity position.

Despite the unprecedented global macroeconomic disruption caused by the COVID-19
pandemic, Strix Group is robust and, as a market leader with a global footprint,
remains highly confident in its future prospects. Strix’s investment proposition
is underpinned by:-

 * High quality, resilient and robust business model which benefits from geographic
   and product diversification;
 * Continued focus on efficiency measures and strategic initiatives to manage its
   highly variable cost base and prudently invest in compelling growth opportunities;
 * Conservative balance sheet and low leverage provides financial flexibility for
   the medium term to navigate headwinds and deploy capital consistent with allocation
   of capital priorities; and
 * Progressive dividend policy linked to underlying earnings has been maintained
   reflecting Board’s confidence in the outlook for the Group.

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