REG - RS Group PLC - Investor Event: The RS Opportunity

RSAnnouncement

24/09/2024 07:00

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RNS Number : 3963F  RS Group PLC  24 September 2024

24 September 2024

RS Group plc

Investor Event: The RS Opportunity

RS Group plc, the global products and services solutions provider for
industrial customers, will today host an Investor Event in London.

At the event, the Group's Executive Committee will provide further detail on
the Group's investment proposition:

 

1.   Well positioned in growth markets

2.   Differentiated proposition driving market share gains

3.   Investing to improve efficiency and operating leverage

4.   Disciplined acquisitions accelerating growth

5.   Significant value creation opportunity for all stakeholders

 

The event will re-affirm management's confidence in the Group's medium-term
targets and provide detail on how the Group will deliver:

·      Revenue growth 2x market

·      Mid-teen operating profit margin(1) including a further c. 150bp
of cost efficiencies identified

·      >80% cash conversion rate (previously >70%)

·      >20% return on capital employed (ROCE)

 

No trading update will be provided today as part of the Investor Event.

 

Presentation details

The Investor Event will commence at 2pm UK time at Events @ No 6, Alie Street,
London E1 8QT. Registration is required for institutional investors and
analysts that wish to attend the event in person or virtually. Please contact
InvestorRelations@RSGroup.com (mailto:InvestorRelations@RSGroup.comf) for more
information.

For attendees who wish to join the event virtually, please register before 1pm
UK time via the following link:
https://eu.eventscloud.com/ereg/index.php?eventid=200272128&
(https://eu.eventscloud.com/ereg/index.php?eventid=200272128&) .

A copy of the presentation and a replay of the webcast will be available on
the RS Group website, www.rsgroup.com (http://www.rsgroup.com) , following the
event.

 

1.     Adjusted to exclude amortisation and impairment of intangible
assets arising on acquisition of businesses, acquisition-related items,
substantial reorganisation costs, substantial asset write-downs, one-off
pension credits or costs, significant tax rate changes and associated income
tax.

 Enquiries:
 Kate Ringrose                    Chief Financial Officer  020 7239 8426

 Lucy Sharma                      VP Investor Relations    020 7239 8427
 Martin Robinson / Olivia Peters  Teneo                    020 7353 4200

 

Notes to editors:

RS Group plc is a global product and service solutions provider for industrial
customers, enabling them to operate efficiently and sustainably. We stock over
800,000 products and list an additional five million, sourced from over 2,500
leading suppliers, to help 1.1 million industrial customers maintain, repair
and operate their industrial equipment and facilities. With a technically led
and digitally enabled approach we are enhancing customer experience,
delivering operational excellence and simplifying the supply chain at every
step.

RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and
in the year ended 31 March 2024 reported revenue of £2,942 million.

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