This year’s results are outstanding and represent continued progress on the exceptional FY21 performance. They were delivered while we and many others were facing new external challenges, and it was pleasing to see the resilience and flexibility of our business model and operations in action.

The financials were exceptional by almost any measure with record sales and profit levels this year. There was significant sales growth on both a one-year and two-year basis, with Group sales reaching more than $17bn for the first time in the Company’s history. This reinforces that shoppers, builders and tradespeople are sticking with their independent local neighbourhood stores.