Alumasc says growth drivers robust but conditions in UK volatile

(Alliance News) - Alumasc Group PLC on Friday noted that conditions in its core UK residential and commercial markets have been volatile as demand was at subdued levels in some sub-sectors.

The Kettering, England-based firm which supplies building products for water and energy management said it continued to outperform despite the backdrop, retaining or growing share in key UK sub-sectors.

It added that it continued to see encouraging demand in its export markets, but noted that overseas sales in the financial year ending in late June 2026 will likely be below the prior year, after a shipment of a very large Hong Kong Airport project in financial 2025.

Further, the firm said that several "significant" early-stage export opportunities are being progressed.

Alumasc said: "The group's structural growth drivers remain robust, and with substantial capacity in place across its businesses and a strong balance sheet, the group is well positioned to benefit from a sustained recovery in UK construction activity. The timing and pace of this recovery remains difficult to predict, and consequently the board believes it prudent to adopt a cautious approach for the first half of FY25/26, as conditions remain uncertain. The board still expects a second-half weighting to FY25/26, as announced at the FY24/25 full year results."

Chief Executive Officer Paul Hooper said: "We have demonstrated resilience throughout this period and continue to take proactive steps to grow our market share, enter adjacent markets, and reduce cost and improve efficiency, which will serve the group well both now and in the future. Alumasc's medium-term outlook remains very positive, and we remain well positioned to benefit significantly when the market recovers."

Alumasc shares fell 11% to 301.50 pence each on Friday morning in London.

By Tom Budszus, Alliance News slot editor

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