Full Year Results 2024 Accelerating Performance
19 November 2024
It is now 18 months since we launched the STAR strategy and we are making good progress. This is demonstrated by our much stronger financial performance, improving operating metrics and a fast-growing order book.
This morning we announced our full year results for 2024 which reflect the dedication of our incredible team embedding our new continuous improvement culture. Our focus on improving processes is creating a stronger, more capable business, better able to protect the servicemen and women who protect us.
Jos Sclater, Chief Executive Officer, commented:
“It is now 18 months since we launched the STAR strategy and we are making good progress. This is demonstrated by our much stronger financial performance, improving operating metrics and a fast-growing order book.
I am however most excited by the ability of the organisation to change and translate strategy into action. We have built a culture where improving processes is becoming the Avon way of life, we have much more capable people and the pace of change is accelerating.
As a result of the progress made during the year, we see the potential to reach our medium-term operating margin and ROIC guidance target ranges a year early, in 2026. We also expect the transformation programme to be largely complete by then, with an accompanying significant decrease in transformation cash costs providing the platform for a broader capital allocation strategy.”
To view the full year results documents, visit the Results, reports and presentations section of our website.