HY Results – Group trading results achieved record levels in the four-month period to April 2023, with strong performances in Australasia, the UK, and Europe, although the Emerging Markets segment faced economic challenges. Trading conditions in South Africa remain difficult, while Greater China has seen improved profitability but not to the extent expected post-COVID. Overall market trends include high inflation, elevated labor costs, declining energy and fuel costs, and ongoing supply chain disruptions. Customer demand has remained robust, and discretionary spending has normalized in most geographies. Group trading performance for the ten months to April 2023 has surpassed previous periods.
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