RCS - Strix Group PLC - Equity Development Investor Presentation

StrixAnnouncement

13/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221013:nRSM6894Ca&default-theme=true

RNS Number : 6894C  Strix Group PLC  13 October 2022

13 October 2022

 

Strix Group plc

 

Equity Development Investor Presentation - 'Opportunities for Growth'

 

Strix Group plc, the global leader in the design, manufacture and supply of
kettle safety controls and other complementary water temperature management
components, is pleased to announce that the Company's management team will
conduct a live online presentation on Wednesday 26th October at 11.00am (UK
time).

 

Mark Bartlett (CEO) and Harry Kyriacou (Chief Commercial Officer) will discuss
the opportunities for growth. They will examine the levers behind maintaining
kettle global market share and their margin, as well as discussing the
opportunities for growth in the Water and Appliance categories more broadly,
including the recent conditional acquisition of Billi.

 

Since Strix came to market in 2017, management have focused on broadening the
business beyond its original profitable core kettle controls. The recent
conditional acquisition of Billi is another step on this journey, following
the successful integration of the Italian business Laica (bought September
2020), and the integration of the assets from HaloSource (acquired March
2019). Their Water and Appliance categories are growing into meaningful
contributors, helping Strix accelerate their target set in 2020 of doubling
revenues by the end of 2025.

 

This session is designed to give participants greater insight into the
specific products and opportunities that Strix are pursuing in all three
categories, and the way in which these products are playing into consumers
desire to be both cost conscious and environmentally sound.

 

The webinar is open to all existing and potential shareholders. Questions can
be submitted during the presentation to be addressed at the end. Participants
can submit their feedback after the event to help the company build an
understanding of the views of all shareholders.

 

To register for the webinar, please
visit https://www.equitydevelopment.co.uk/news-and-events/strix-growthwebinar-26oct2022
(https://www.equitydevelopment.co.uk/news-and-events/strix-growthwebinar-26oct2022)

 

A recording of the presentation will be available after the event on
the Equity Development website (Strix section)
(https://www.equitydevelopment.co.uk/research/tag/strix-group) where research
content on the company can also be freely accessed.

 

Enquiries:

 Equity Development

  Hannah Crowe       hannah@equitydevelopment.co.uk (mailto:hannah@equitydevelopment.co.uk)

 Matt Evans        matt.evans@equitydevelopment.co.uk (mailto:matt.evans@equitydevelopment.co.uk)

 (020 7065 2692)

 IFC Advisory Limited (Financial PR & IR)

  Graham Herring / Tim Metcalfe / Florence Chandler

 (020 3934 6630)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABSBDGGGBDGDD