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Annual Report & Accounts 2023

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Download Annual Report 2023 PDF

Together,
we create
sustainable
living

At a glance

Genuit Group is an organisation with a clear purpose; Together, we create sustainable living. We enact this purpose through our Sustainable Solutions for Growth strategy, which is based upon four interconnected and complementary themes.
growth

Growth

sustainability

Sustainability

business-systems

Genuit Business Systems (GBS)

people-culture

People and Culture

Our Business Units

Climate Management Solutions

Lower carbon heating and cooling

Addressing the need for clean healthy air and low carbon heating and cooling.

Watch for more information on the combination of heating and cooling

climate-triangle

Investment Case

Delivering compounding earnings growth through sustainability-driven growth markets, margin expansion and effective capital allocation.

1.

Operating in built environment sectors with inherent sustainability-linked structural drivers

2.

Differentiated, innovative, low-carbon building products and solutions

3.

Leading positions across diverse markets, with strong brand recognition

4.

Significant margin expansion potential

5.

Opportunity to expand solution offering and create full-service Group

6.

Highly cash-generative business model, with effective capital allocation

Highlights

Sustainable Solutions for Growth

Our Sustainable Solutions for Growth strategy provides a clear pathway for the Group to create value and deliver against its purpose. Our strategy is built upon four themes which are heavily interdependent, and ensure that everything we do is aligned around our common purpose of creating sustainable living.

Strategy in action

growth

Growth

We are focused on creating a sustainable built environment. By being the lowest carbon supplier of choice for our customers, and serving those segments linked to the challenges of climate change, we aim to outperform the broader construction market by between 2-4% through the cycle.

Watch to see a customer testimonial of Nu-Deck in a renovation project

Leadership statements

Generating value for stakeholders

chairman

“Our Sustainable Solutions for Growth strategy is underpinned by our people.”

Kevin Boyd

Chair

Download Chair’s statement

Progress toward our mid-term targets

CEO

“While the short-term outlook is unsettled, there has never been a better time to be focused on creating sustainable living.”

Joe Vorih

Chief Executive Officer

Download CEO’s statement

Watch to hear more from Joe Vorih on Genuit’s performance in 2023

Focused on profitable growth

CFO

“2023 was a year of business simplification, providing a strong platform for growth.”

Tim Pullen

Chief Financial Officer

Download Financial review

Watch to hear more from Tim Pullen and his reflections on 2023

Engaging with our stakeholders

Effective engagement with our stakeholders is crucial for building strong, effective and mutually beneficial relationships for the long term.

employees

Employees

People and culture is a core theme of our Sustainable Solutions for Growth strategy. We recognise that we can only achieve our strategic aims with the right culture and an engaged and motivated team.

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