Mar 06, 2024 / 09:30AM GMT
Graham Ritchie - Ricardo plc - CEO
Good morning all, as always, I'd like to just take (inaudible) on the screen and in [tabs]. So presented today, I'll start with a quick summary of the overall performance of the Group and the progress in our strategic transformation. Then take you through a bit more of the financial detail and then I'll spend a bit more time facing on the strategic progress that we've made in the first six months.
Before we finish with a few closing remarks, and obviously then (inaudible) questions. We continue to build a strong sales momentum in most of the business units, which has led to a record order book of GBP477 million at the half year. It has been delivered through particularly strong sales in defense through the [ABS] program.
A strong recovery in rail is expected with a more proactive sales approach and continued structural growth (inaudible) we previously signalled the complexity of energy transition will mean the order flow in A&I will be lumpy. And we've seen delays in the first half, which have impacted operating profit margin at the Group level.
Half Year 2024 Ricardo PLC Earnings Call Transcript
Mar 27, 2024
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