Bodycote PLC (FRA:21T)
€ 8.45 -0.10 (-1.18%) Market Cap: 1.45 Bil Enterprise Value: 1.68 Bil PE Ratio: 21.50 PB Ratio: 2.01 GF Score: 81/100

Half Year 2026 Bodycote PLC Earnings Call Transcript

Jul 28, 2026 / 07:45AM GMT
Release Date Price: €7.95 (-1.24%)
Jim Fairbairn
Bodycote PLC - Chief Executive Officer, Executive Director

Good morning, everyone, and thanks for joining us for our 2026 half year results. I'm Jim Fairbairn, the CEO; and with me is our CFO, Ben Fidler. And I'd like to do some brief introductory remarks. I'll set the context and give some highlights, and then I'll pass to Ben to go deeper into the financials. And I'll then come back and talk about how we are continuing to make progress in executing the strategy, and then I'll end with a comment on the outlook. So to start with the highlights, we are pleased with our good performance in the first half.

We are on track and on plan. We've reported core organic revenue growth of just under 10% and we'll see strong demand in aerospace and defense and also IGT. Medical has also returned to growth. All of this has more than offset continued softness in automotive. And as we said we would, we have delivered margin improvement on the back of volume growth and our successful Optimise repositioning and restructuring.

And I'll talk later about the pace of progress on Optimise and

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