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The results for the year to 31 March 2001 are a credit to my predecessor as
Chief Executive, Michael Jeffries, his management team and staff. Building upon
the strong foundations I have inherited, I intend to continue to achieve optimal
business performance and create additional shareholder value.
Since joining the Board and becoming Chief Executive on 1 April 2001, I have
met with colleagues from across the Group. I am extremely impressed with their
professional expertise, their enthusiasm and above all by the integrity they
bring to delivering integrated solutions to our customers. We all take considerable
pride in the Group’s achievements to date. We are more determined than ever
to continue to deliver strong performance for our customers and shareholders.
As the Group moves to its next stage of growth, with significant new opportunities
available, I will be seeking to develop and fur ther improve our focus on those
markets where we believe we can become the supplier of choice.
I believe the Group is well placed to meet and exceed the aspirations of customers
and shareholders alike and I very much relish the challenge to drive off from
this robust and impressive foundation.
I look forward to reporting regularly to shareholders on progress.

Robin Southwell
Chief Executive
7 June 2001
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