The meeting reinforced that James Fisher’s equity story is shifting from recovery to growth. Management highlighted a more focused and financially resilient business, with stronger and growing margins, a clearer innovation-led growth strategy and confidence in growth opportunities across Defence and Energy. In this note, we also suggest a number of key themes investors may want to focus on during the roadshow. For further details on the results and our investment case, we refer readers to our note published earlier this morning and available here: Getting its mojo back.