2024-25
Business and strategy update
22 April 2025
Highlights
- Ricardo expects to deliver trading within the range of analyst expectations for FY24/25
- An identified incremental £10m of cost savings targeted in FY25/26
- Cash conversion in H2 to materially exceed the Group’s medium-term target
- Net debt expected to be towards the lower end of analyst guidance for FY24/25
- Enhanced collaboration between the A&I and PP business units, leveraging unique end to end service capabilities
- Good progress in portfolio transformation towards environmental and energy transition solutions