01287 BMT Annual Review 2023

Looking ahead, our strong financial performance enables us to invest in those areas identified by our strategic plan as being key to driving future growth. This in turn will enable us to deliver value to our customers and wider society while also investing in and rewarding our employees. Gareth Taylor Chief Financial Officer, BMT Currency We have very limited currency exposure and any significant exposure is managed and hedged appropriately. Outlook We can look ahead with confidence after a positive year that resulted in a healthy cash position and a strong order book. It is also worth noting that, unlike many of our competitors, we have no debt. This is a particular strength during a period of higher interest rates and also leaves us well positioned for the future. The year 2024 will see general elections in several of our major territories and the outcome of those votes will likely have an impact on key markets including defence. This uncertainty may impact demand for some of our services but the breadth and diversity of our portfolio and the ongoing demand for our solutions means that we can expect opportunities as well as challenges. ‘We can look ahead with confidence after a positive year that resulted in a healthy cash position and a strong order book.’ 27

RkJQdWJsaXNoZXIy NTcyOTY=