Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEurocell Regulatory News (ECEL)

Share Price Information for Eurocell (ECEL)

Share Price is delayed by 15 minutes
Get Live Data
112.00    0.00 (0.00%)
Bid:
111.50
Ask:
115.00
Spread: 3.50 (3.139%)
Market Cap: £110.38m
ECEL Live PriceLast checked at - London Stock Exchange

Intraday Eurocell Share Chart

Trading Update

13 Dec 2017 07:00

RNS Number : 1548Z
Eurocell plc
13 December 2017
 

13 December 2017

 

EUROCELL PLC

(Symbol: ECEL)

 

Trading Update

 

Eurocell provides an update on its trading performance for the 11 months to 30 November 2017.

 

Trading and Operational Performance

Trading in the second half has been solid and our expectations for the full year are in line with consensus forecasts.

 

We continue to deliver good sales growth, particularly in new build, despite an RMI market that remains subdued.

 

In the Profiles division, we continue to build our prospect pipeline. Sales have started to come through from the customers who have recently moved onto our product systems, with more new accounts contracted for next year.

 

In the Building Plastics division, trading in the expanding branch network is robust, albeit like for like growth rates are slightly below the first half.

 

We continue to mitigate the increasing cost inflation we are seeing for resin, other raw materials and traded goods through selling price increases; however there remains a time lag in capturing the benefit. We continue to manage our underlying operating costs tightly, whilst progressing further our strategic priorities and investing in business expansion.

 

We have made good progress with our key strategic initiatives, which include:

· Recycling - use of recycled material in manufactured products increased as anticipated. Expected to be at 17% by year end (2016: 14%)

· Branch network - 31 new branches in 2017, with 16 new sites in the second half, resulting in a total estate of 190 branches by year end

· Acquisitions - integration of Security Hardware now complete

 

Overall, whilst the trading environment remains challenging, we are delivering successfully on our strategy and taking market share.

 

Notice of Results

We will announce our preliminary results for the year ending 31 December 2017 on 9 March 2018.

 

 

~~~~~~~~~~~~~~~~~~~~~~~

 

 

Notes:

Eurocell plc is a market leading, vertically integrated UK manufacturer, recycler and distributor of innovative window, door and roofline PVC products.

 

Enquiries:

Eurocell plc

Mark Kelly, Chief Executive Officer

+44 (0) 1773 842 105

 

Michael Scott, Chief Financial Officer

+44 (0) 1773 842 140

 

Teneo Blue Rubicon

Ben Foster

+44 (0) 20 3603 5221

 

Camilla Cunningham

+44 (0) 20 3757 9235

 

 

END

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTDGBDDUBBBGRD
Date   Source Headline
30th Jul 20257:00 amRNSTransaction in Own Shares
29th Jul 20257:00 amRNSTransaction in Own Shares
28th Jul 20257:00 amRNSTransaction in Own Shares
25th Jul 20257:00 amRNSTransaction in Own Shares
24th Jul 20257:00 amRNSTransaction in Own Shares
23rd Jul 20257:00 amRNSTransaction in Own Shares
22nd Jul 20257:00 amRNSTransaction in Own Shares
21st Jul 20257:00 amRNSTransaction in Own Shares
18th Jul 20257:00 amRNSTransaction in Own Shares
17th Jul 20257:00 amRNSTransaction in Own Shares
16th Jul 20257:00 amRNSTransaction in Own Shares
15th Jul 20257:00 amRNSTransaction in Own Shares
14th Jul 20257:00 amRNSTransaction in Own Shares
11th Jul 20257:00 amRNSTransaction in Own Shares
10th Jul 20257:00 amRNSTransaction in Own Shares
9th Jul 20257:00 amRNSTransaction in Own Shares
8th Jul 20259:10 amRNSTransaction in Own Shares
7th Jul 20257:00 amRNSTransaction in Own Shares
4th Jul 20257:00 amRNSTransaction in Own Shares
3rd Jul 20257:00 amRNSTransaction in Own Shares
2nd Jul 20259:48 amRNSHolding(s) in Company
2nd Jul 20257:00 amRNSTransaction in Own Shares
1st Jul 20257:00 amRNSTransaction in Own Shares
30th Jun 20257:00 amRNSTransaction in Own Shares
27th Jun 20257:00 amRNSTransaction in Own Shares
26th Jun 20257:00 amRNSTransaction in Own Shares
25th Jun 20257:00 amRNSTransaction in Own Shares
24th Jun 20257:00 amRNSTransaction in Own Shares
23rd Jun 20257:00 amRNSTransaction in Own Shares
20th Jun 20257:00 amRNSTransaction in Own Shares
20th Jun 20257:00 amRNSAuditor Resignation
19th Jun 20257:00 amRNSTransaction in Own Shares
18th Jun 20257:00 amRNSTransaction in Own Shares
17th Jun 20257:00 amRNSTransaction in Own Shares
16th Jun 20257:00 amRNSTransaction in Own Shares
13th Jun 20257:00 amRNSTransaction in Own Shares
12th Jun 20257:00 amRNSTransaction in Own Shares
11th Jun 20257:00 amRNSTransaction in Own Shares
10th Jun 20257:00 amRNSTransaction in Own Shares
9th Jun 20257:00 amRNSTransaction in Own Shares
6th Jun 20257:00 amRNSTransaction in Own Shares
5th Jun 20257:00 amRNSTransaction in Own Shares
4th Jun 202512:25 pmRNSDirector/PDMR Shareholding
4th Jun 20257:00 amRNSTransaction in Own Shares
3rd Jun 20254:47 pmRNSNED Share Purchase Plan
3rd Jun 20257:00 amRNSTransaction in Own Shares
2nd Jun 20257:00 amRNSDirector/PDMR Shareholding
2nd Jun 20257:00 amRNSTransaction in Own Shares
30th May 202510:12 amRNSHolding(s) in Company
30th May 20257:00 amRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.