2024 Summary mid-year update
Our mid-year review is a tool that helps us assess our performance, revisit our development goals where necessary, and inform strategic and directional decisions in a timely manner.
The directors of OCS Group Topco Limited are pleased to present a mid-year update for 2024.
The year’s trading has started strongly with strong revenue growth ahead of inflation and profitability in line with management expectations going into the year.
Focus for the first half of the year has been realising the improvements in customer offering and efficiency of the combined businesses post-acquisition and adding further acquisitions to strengthen the portfolio in the UK.
As has historically been the case, inflationary pressures have been managed effectively across the business, supported by strong contracting disciplines and margin protection initiatives.
The business continues the track record of positive operating cash generation. The stringent and dynamic management of cash, whilst meeting all obligations, continues to be a source of strength for the business.
The directors are confident that the performance in the second half of the year will continue to be positive, realising the growth, profitability and cash generation that was expected going into the year.