DISCOVERIE GROUP PLC (DSCV) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Discovery Group PLC full year results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time via the q and a tab that's just situated on the right hand corner of your screen. Please just 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 we'll publish those responses where it's appropriate to do so. Before we begin, we would just like to submit the following poll. If you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the team from DSCVRY Group PLC. Nick, good afternoon, sir. Good afternoon, Jude. Thank you very much. Good afternoon, everybody. Thank you for joining this call. I'm Nick Jeffries, CEO of Discovery Group joined by Simon Gibbons, Group CFO. So we're just gonna take you through a couple of slides here, which are the highlights of the group's annual results for the year ended March this year, and then we'll pause and throw it open to the floor for questions. So the the the key news of this set of results was that operating profits were up by 8% at constant exchange rates, delivering a record operating margin at an EBIT margin of 14.3%, which is an increase of a 120 basis points over the prior year. As a result of that, we've come very close in the second half to reaching our, early reaching our target of 15. Our second half operating margin was 14.8%, so only 20 basis points shy of that target in two years' time. As a result of that, we've increased our target fo...