Our key points of focus drive the Group forward and keep us reaching for the high standards and targets we set ourselves.

Our areas of primary focus are:

  • Improved earnings attributable to shareholders, which we aim to achieve through top‑line growth and mix management in selected markets and channels together with strong cost and gross margin management;
  • Seeking out value creating areas of investment so that we can sustain double-digit growth in earnings for shareholders; and
  • Maintaining at prudent levels our average leverage measured as the ratio of average net debt to pre‑exceptional EBITDA, which we aim to achieve through strong and increasing profitability together with close management of our working capital and focussed investment




Pi World Interview


We are delighted to report a very strong performance for 2016/17. Sales and profit have grown significantly both organically and through acquisition. Foreign exchange movements have further added to this growth with underlying profit before tax for the year up 51% in total to £16.3m. Cash flow generated from operations was up 52% to £31.5m allowing the Group to close the year with net cash of £3m, its strongest position for over a decade.

It is particularly encouraging to again see the effect of our diversified portfolio at work with solid foundations for further growth and product diversification built in Australia and the UK while our businesses in the USA and Europe delivered excellent growth to both sales and profitability while simultaneously laying the groundwork to maintain momentum.


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