Marks and Spencer PLC to Present at Virtual Investor Conference
Marks and Spencer PLC (MKS), a well-known name in the retail world, is all set to engage with investors during an upcoming virtual conference. This event, organized by dbVIC - Deutsche Bank, aims to feature global companies that have American Depositary Receipt (ADR) programs. Attendees will have the chance to hear significant updates and future prospects from Fraser Ramzan and Helen Lee.
Event Overview
The virtual investor conference is slated for September 24, providing a convenient online space for investors to connect with the company.
Date and Time
The live event will kick off at 10:00 AM ET, offering a platform for direct interactions between the audience and speakers.
How to Join
Investors should pre-register and perform an online system check beforehand to ensure a seamless experience. This event is free and will also provide an archived webcast for anyone unable to participate live.
Recent Financial Highlights
Marks and Spencer PLC has shown exceptional financial performance recently. Here are some key highlights:
- The profit before tax and adjusting items rose to £716.4 million, a substantial increase from £453.3 million the previous financial year.
- Statutory profit before tax increased to £672.5 million, up from £475.7 million in the previous period.
- Food sales grew by 13.0%, with adjusted operating profit hitting £395.3 million, representing a 4.8% margin.
- The Clothing & Home segment saw a 5.3% increase in sales alongside an adjusted operating profit of £402.8 million, leading to a margin of 10.3%.
- The Ocado Retail joint venture reported an adjusted loss of £37.3 million.
- International sales (excluding ROI) recorded a slight decline of 1%, with an adjusted operating profit of £47.7 million.
- The adjusted return on capital employed improved to 14.1%, compared to 10.6% in the previous year.
About Virtual Investor Conferences
Virtual Investor Conferences (VIC) is a leader in facilitating interactive platforms for publicly traded companies to directly engage with investors. This innovative environment replicates traditional investor meetings, allowing companies to present dynamically and arrange one-on-one meetings effectively.
Contact Information for Further Inquiries
If you need more information, feel free to reach out to the following contacts:
Marks and Spencer PLC
Fraser Ramzan
Head of Investor Relations
+44 (0) 7554 227 758
Fraser.Ramzan@marks-and-spencer.com
Helen Lee, leading the Finance Division, is also available for inquiries at +44 (0) 7880 294 990, or via email at Helen.Lee@marks-and-spencer.com
Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
(212) 220-2221
johnv@otcmarkets.com
Frequently Asked Questions
What's the aim of the virtual conference for Marks and Spencer PLC?
The conference seeks to connect the company with global investors, highlighting recent achievements and future plans.
Who will be speaking at the event?
Fraser Ramzan and Helen Lee will represent Marks and Spencer PLC during the conference presentations.
Is there a fee to attend the conference?
No, the event is free for all interested investors.
How can I watch the archived conference?
An archived webcast will be available after the live event for anyone who couldn't tune in.
What are the latest financial highlights for Marks and Spencer?
Recent highlights show significant growth in profit before tax, particularly in food and clothing sales, indicating a positive trend for the company.