TOPPS TILES PLC (TPT) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the TOPPS TILES PLC 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. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO Rob Parker. Good morning to you. Hi. Yes. Thank you for that. Thank you for the introduction. Hello, everyone. A really warm welcome to the TOPPS Group full year results for the financial year ended 2023. I'm Rob Parker, chief executive, and my cohost today, Steven Hopson, is our CFO. So turning firstly to cover the key highlights for the period. We start with the real high point for the business, which is the successful delivery of our goal, our market share goal of one in five by 2025, so that was a goal to take a 20% market share, and we are delighted to be announcing this week as part of our results. We've actually now at the achieved 22% market share of the entire, UK tire market and so closely associated, products. And that is two years ahead of our original plans. We plan to get it by 2025, and we've achieved that this year. So very significant outperformance to the market. Great to be able to combine that with a third consecutive record year of turnover for the group as well, And we've done both of those things also in our sixtieth anniversary year. So the first TOPPS TILES opening in 1963, up in M...