Stabilising the business
Xử lý hàng loạt trực tuyếnFollowing a challenging year in 2018, we have?rebuilt momentum in 2019 and focused our?efforts on preparing the business to maximise?the opportunities ahead.
Building foundations for success
We have stabilised the business and re-focused?on retail execution in 2019. The market remains?highly competitive, with challenging trading?conditions, but we have made good progress while?maintaining strong capital discipline, reducing net?debt and making appropriate levels of investment.
Building capital resilience
Xử lý hàng loạt trực tuyếnOur financial priorities in 2019 included?strengthening our balance sheet, improving?working capital, rebuilding gross margin, mitigating?cost inflation and further optimising our estate.?While there remain a number of challenges,?we have demonstrated our resilience this year?with a robust underlying performance.
* The Group has defined and outlined the purpose of its alternative?performance measures, including its key measures, in the glossary?of terms on pages 123–124 of the 2019 Annual Report. Full details of adjusted EBITDA can be found in note 6 on page 101 of the 2019 Annual Report.