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Eurocell PLC - Alfreton, England-based manufacturer, recycler and distributor of window, door and roofline PVC products - Sales in first half ended June 30 are down 2.0% at GBP184 million year-on-year, volumes fall 6.0%. Says that sales volumes are lower due to weaker reduce repair, maintenance and improvement activity, and a weaker new build market. Eurocell says that it anticipates a heavy weighting towards the second half, with sales returning to normal seasonality and profits benefitting from lower input prices. Its expectations for its full year remain unchanged.
"We enter the second half of the year with a strong balance sheet... Overall, we believe the actions we are taking leave the business well placed to benefit from a recovery in our markets and will, over the medium-term, drive sustainable growth in shareholder value," says Eurocell.
Current market price: 116.80 pence, up 2.9%
12-month change: down 30%
By Will Neill, Alliance News reporter
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