Our Pacific division continued to grow the amount of revenues it earns from new to market solutions in 2023, in part thanks to investment in our local New Product Development teams and collaboration with research scientists in our Bengaluru hub in India.

During the year, 9.3% of our turnover came from products that have been on the market for less than five years, representing an impressive €49.4 million in sales.

Globally, our overall aim is to boost our new product revenues to 10% by 2025, and currently we are at 8.6%. So, this achievement in the Pacific provides a strong boost to our Growth with Purpose goals.

Collaborative projects currently being explored include solutions across Building, Infrastructure and Industry segments. We plan to continue accelerating our innovation programme in 2024, with the launch of up to 20 new products.

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