The group remains committed to achieving its operating profit margin target of 8%.
In order to grow the business profitably and sustainably the group has to focus not only on maintaining margins but improving on them at the operating profit level. Improved growth will be achieved through initiatives including improved efficiencies in the Services division and corporate office, growing the Innovation division and expanding further into Africa. Business Connexion will also be reviewing the current statement of financial position structure and gearing to optimise return on equity and shareholder wealth. Business Connexion’s focus in 2011 will be to measure divisions on relevant metrics and to deliver sustainable earnings. Furthermore, the group is investigating, and acting on, opportunities for growth through joint ventures, partnerships and acquisitions.
