Strix Group Plc (LON:KETL), the AIM quoted global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, provides an update ahead of its Annual General Meeting at 9:00am (BST) today at the Company’s Head Office, located at Forrest House, Ronaldsway, Isle of Man IM9 2RG.
At the meeting, Mark Bartlett, Chief Executive Officer of Strix, will make the following statement:
“The Kettle Controls market continues to show some promising signs of recovery as we move into the peak season. Whilst it is too early in the season to determine whether this uptick is due to stock refill or an ongoing improvement in consumer demand, the initial indicators are encouraging.
“I am pleased to confirm that Profit before tax for the 2024 full year remains in line with current market expectations. Additionally, the cash conservation actions taken in HY 2024 have resulted in year-to-date cash generation for the Group running slightly ahead of expectations. This positive trend further supports an anticipated net debt leverage position of less than 2.0x.
