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Strategic Report
Business Model & Strategy
Who we are We are a diversified group of three distinct businesses, committed to providing long term value to all our stakeholders through our technology solutions and range of product offerings. Our purpose Improving people’s lives - sustainable homes, smart lighting and intelligent power. Our strategy We consistently drive long term value for the benefit of all our stakeholders and the communities that we live and work in. We achieve this by focusing on four main strategies: • Constantly seeking to improve and develop our products with success being measured by sales performance
• Our commitment to investing in research, development and education in order to create technology based solutions, delivered smartly by focusing on customer service and satisfaction levels
• Managing gross and net margins through efficient material sourcing, product manufacturing, stock management and cost control
• Maintaining the Group’s financial strength by creating a strong asset base and secure financial structure
A balanced risk profile, encompassing a strong underlying asset base, reflecting targeted investment in our diversified businesses, provides investors with stability and opportunity.
Our market focus We are an industry leader in many of our target markets, providing intelligent engineering, sustainable housing as well as smarter lighting solutions for the benefit of our customers and the communities we live and work in. We continue to enhance our growth profile and market position.
Annual Report and Accounts
