2020 results centre

“Strong Business Model delivers resilient performance.”

Steve Foots, Group Chief Executive

Continued strength of business model demonstrated during uniquely challenging market conditions

• Limited operational impact from COVID-19 pandemic with almost all employees able to continue working
• Modest reduction in sales
• Resilient margin despite lower volume and adverse product mix
• Strong balance sheet and healthy cash generation supporting continued investment
• 2019 final dividend paid in full and 2020 interim dividend maintained at 39.5 pence