DAVY VIEW

As part its Capital Markets Day (CMD), Genuit has set out a number of medium-term financial targets. These represent a welcome level of ambition and are well above where the group is currently. The announced simplification of the business and a renewed focus on climate and water-based building products are sensible given that these are unquestionably structural growth areas in the construction sector. Clearly, the challenge from here will be to make progress towards these targets. As well as internal delivery, this will also unquestionably require more supportive market conditions than is the case at present.