Strix Group PLC - Isle of Man-based supplier of kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Confirms it will report adjusted pretax profit for 2024 ahead of market consensus and comfortably within the previously announced range of £18 million to £19 million on a constant currency basis. Says the Kettle Controls division has maintained its dominant market position and stable market share in the regulated and less regulated markets, despite trading volatility in the fourth quarter. The Consumer Goods division is slightly below the prior year as planned.

Strix says the net debt position remains a key priority for the management team. Ongoing cash conservation actions have resulted in strong cash generation in the period, allowing the group to maintain a year-end net debt leverage of below 2 times.

Current stock price: 48.10 pence

12-month change: down 33%

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