Group Chief Financial Officer, Currys
Search every verified Bruce Marsh interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Bruce Marsh, Group Chief Financial Officer at Currys, presented the company's FY24 financial results during an investor presentation on June 27, 2024. He discussed the disposal of the Greek business, stating that the company achieved "a wonderful valuation for the business, roughly we sold 7% of our turnover for 25% of our market capitalization." Marsh added that he believed the transaction "shone a light on the undervaluation of the business." Marsh outlined the company's financial priorities, saying that "our number one objective is to maintain a prudent balance sheet." He noted that the company had worked to reduce its total net debt position "towards zero" and that it would continue to support its pension scheme and invest in the business. Marsh stated that after achieving those objectives, the company would "reinstate and grow the dividend and any surplus cash will be available to return to shareholders."
“We achieved a wonderful valuation for the business, roughly we sold 7% of our turnover for 25% of our market capitalization. Now that obviously was the capitalization at the point that we did the transaction, I think it also shone a light on the undervaluation of the business in our opinion.”
“Our number one objective is to maintain a prudent balance sheet. You've seen the hard yards that we've achieved over the last three years to get our total net debt position down towards zero. We're not going to be giving that up. We of course must continue to support our pension scheme... we will continue to invest in...”
Bruce Marsh, Group CFO and Dan Homan, Director of Investor Relations present an update on the FY24 results and discuss future prospects.
Sign in to search the full transcript archive, filter by topic, and access every quote from Bruce Marsh.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →