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# Margins recover to 14.0% by FY27 layout: 67/33 kicker: Outlook ## left ::: column-chart head: EBIT margin, FY24–FY27 unit: % of revenue scale: 15 diff: FY25..FY27 - FY24 :: 11.2 - FY25 :: 9.4 - FY26 :: 12.1 - FY27 :: 14.0 :: hi :: display=14.0 ::: ## right valign: center ::: textbox head: Why it recovers lead: Two moves, 4.6 points. Repricing the FY26 renewals adds 2.7 points. Consolidating the depot network adds the final 1.9 by FY27. ::: source: Plan FY27. Illustrative.
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