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Our purpose is to develop better ways to build, for a world of changing demands
We will achieve this through the Group’s strategy which is focused on its core strengths of engineering and construction in the UK, Republic of Ireland and continental Europe.
Our well-established strategy is unchanged, focused on growth, both organic and through selective acquisitions, operational improvements and building further value in JSSL. This is supported by an emphasis on five key elements and assisted by our business improvement programme.
Our business improvement programme represents the consolidation of all the Group’s ongoing improvement projects, established to help us deliver the Group’s overall strategy. These include improvements in business processes, use of technology, manufacturing efficiencies, quality control, cost reduction programmes and new product development, all set within the framework of strong risk management and control. The progress we have made on these initiatives have served the Group well during the COVID-19 pandemic and the current inflationary market conditions.
Smarter
Improve how we deliver our projects with speed, efficiency and accuracy.
Invest in activities to drive operational excellence, improved efficiency, and quality.
Further development of our expertise, quality and an improved offering to clients.
Safer
Continue our relentless focus on safety and always think ‘safety first’.
Introduce new technology and equipment that enables safer ways of working.
Safeguard employees, clients and shareholders.
More Sustainable
Focus on working sustainably and reducing our environmental impact and carbon emissions.
Invest in technology that reduces our energy consumption and emissions.
Care for our environment whilst building our external reputation.
Our aim is to capitalise on growth opportunities, both in the UK and in Europe, and to maximise our market share.
Read more on Growth
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By understanding, anticipating and responding to client needs we aim to build secure, sustainable and mutually valuable relationships and create lasting client satisfaction.
Read more on Clients
Our aim is to build value in JSSL and we remain very positive about the long-term development of the Indian market.
Read more on India
Our people are at the heart of our business and are vital to the success of our vision and the achievement of our strategic goals.
Read more on People
Our emphasis is on delivering high-quality projects and reducing costs by driving excellence through our core business processes.
Read more on Operational excellence
1
Underlying1 operating profit and margin (before JVs and associates)
2
Underlying1 basic earnings per share (‘EPS’)
3
Revenue growth
4
Operating cash conversion1
5
Return on capital employed (‘ROCE’)1
6
Order book
7
Injury frequency rate (‘IFR’)
A
Health and safety
B
Supply chain
C
People
D
Commercial and market environment
E
Mispricing a contract (at tender)
F
Cyber security
G
Failure to mitigate onerous contract terms
H
Indian joint venture
I
Sustainable and responsible business
1 See Note 32 for APM definitions.