Titon Holdings says cautiously optimistic as annual revenue climbs

(Alliance News) - Titon Holdings PLC on Friday said it remained vigilant of cost pressures, while highlighting its cautious optimism amid revenue growth.

The Colchester, England-based manufacturer and supplier of ventilation systems reported that revenue rose 2.1% to GBP15.8 million in the financial year ended September 30.

Mechanical ventilation systems revenue jumped 19% on-year, boosted by UK growth of 27%.

Meanwhile, window and door hardware revenue fell 13% due to weaker demand conditions and "poor sales execution", but Titon noted that improvement actions were underway.

Titon expects to report a pretax loss in line with its own expectations.

Chief Executive Tom Carpenter said: "Looking ahead to FY26, the board remains cautiously optimistic despite ongoing market headwinds. We recognise that the wider construction market is unlikely to offer much support, so our focus is firmly on creating our own success through market share gains.

"Our mechanical ventilation business continues to benefit from product development and efficiency improvements, driving steady order volumes and margin enhancement, while the remedial actions in window and door hardware should begin to deliver a return to growth."

He added that the firm remains vigilant of cost pressures such as labour, materials and energy, which have the potential to influence demand and margins.

Titon will publish its annual results on January 15.

Titon shares fell 3.1% to 88.70 pence each on Friday morning in London.

By Tom Budszus, Alliance News slot editor

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