Absolute Bargain17 Nov 2025 13:51
The Leeds, England-based provider of water, climate and ventilation systems for buildings and infrastructure lowered its full-year expectations for underlying operating profit to range from GBP92 million to GBP95 million, compared with GBP95 million to GBP99 million previously.
In 2024, the company generated a GBP92.2 million operating profit.
Genuit said it expects underlying operating margins to increase sequentially in the second half "as a result of price increases, productivity gains from the Genuit Business System and other cost efficiencies."
Revenue for the 10 months ended October 31 rose 8.4% on a reported basis to GBP511.1 million from GBP471.7 million a year ago.