This figure has been replaced. See Operating margin year to March 2026 retest of D1 and 35 1m label, FY to 31 Mar 2026.
The values
- Op margin: 0.152 to 0.157
- G floor entity mix: 0.152 to 0.157
- Group adj EBIT margin: 0.153
- Group EBIT margin: 0.1
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- 34.0/224 = 0.1518
- 35.1/224 = 0.1567. s <= C_EU x (1 - g): 0.65 x (1 - 0.152) = 0.551
- 0.65 x (1 - 0.157) = 0.548
- 0.575 x 0.848 = 0.488
- 0.50 x 0.843 = 0.421
- Group adjusted EBIT 257.3/1,683.562 = 0.153
- EBIT 167.58/1,683