AVON TECHNOLOGIES PLC (AVON) — FY25 Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the AVON TECHNOLOGIES PLC twenty twenty five Full Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. We begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Josh Slater. Good afternoon to you. Hi there, and good afternoon, everybody. We're just gonna go through a cut down version of our deck, and then what we really like is questions, so please save up your questions for later. The our results actually are videoed and the whole script and video is available on our website if anyone wants more information that we can give in the time we've got available on this call. So last year was a good year from a financial perspective. Revenue and profit both grew very well. Revenue is actually probably a bit above expectations, and actually we ended up the year overall a bit above expectations. Our strengthened system, which is our version of the Toyota production system, but tailored for our own needs, continues to deliver sustainable competitive advantage for us and has helped us drive improvement in productivity, reduced scrap rates, and improved inventory turns or less cash tied up in inventory. We are also nearly through our transformation program, which we set out in 2023. We've got got a a bit bit more to do this work this year with a couple of...