Strix Group Plc (KETL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you very much for joining us today. As Hannah says I'm Gary Lamb, I'm the chairman. What I'm going to do is just a very brief introduction ahead of starting to go through the slides. So you'll be aware that over the past few months I've had the opportunity to spend some time in the business to support the exec team and especially Clare following the announcement of Mark Bartlett's departure. I found this time very helpful and insightful enabling me to get a clearer understanding of the challenges and opportunities the business faces and importantly making sure we recruit the right person to lead the company. We will cover some of the challenges and opportunities as we run through the slides, but I would like to say that what has come very clear to me over the past few months is the need for a step change in leadership, market engagement and commercial focus. These are the areas we have to improve and I believe Andy's addition will make a significant difference. Over the past year we have focused on stabilising the business and of course the sale of Billy helped us improve our balance sheet and set the foundation for the future. So we're now in a position where we have some cash to invest, we have fewer distractions and an ability to focus on rebuilding this company under Andy's leadership. So that was a brief introduction, what I'm now going to do is I'm going to turn to the first slide. So this year has been a year of transition. You'll know from the changing of our year end that we're going to be covering a longer than normal trading period. The 15 month period ended the 31st of March this year. Changing the year end gives us a clearer and more consistent view of the seasonality across our end markets and importantly should help us i...