16 Jul 2014 07:00
16 July 2014
Safestyle UK plc
Half Year Trading Update
Safestyle UK plc, (AIM: SFE), the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner replacement market, today issues a trading update for the six month period ended 30 June 2014, in advance of its Half Year results announcement on 18 September 2014.
Revenue for the first half of 2014 is expected to be £68.3 million, an increase of 8.9% on the previous year (2013: £62.7 million). Profit growth for the six months is expected to show good progress, reflecting the Company's underlying strong trading performance and improved margins.
Safestyle's market grew by just over 4% in the six month period. Following a strong first quarter, as anticipated the rate of growth slowed in the second quarter. Against this background, the Company continued to increase its market share in the period to 8.24% (7.85% as at 31 December 2013 for the preceding 12 months) according to FENSA data. The directors remain comfortable with current market expectations for the full year.
Enquiries:
Safestyle UK plc | Tel: 0207 653 9850 |
Steve Birmingham, Chief Executive Officer | |
Mike Robinson Chief Financial Officer | |
Zeus Capital (Nominated Adviser & Broker) | Tel: 0207 533 7727 |
Tim Metcalfe / Ross Andrews | |
Dominic King (Institutional Sales) | |
Newgate Threadneedle (Financial PR) | Tel: 0207 653 9850 |
Josh Royston / Madeleine Palmstierna | safestyle@newgatethreadneedle.com |
Graham Herring
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About Safestyle UK plc
The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. For more information please visit the Safestyle UK website: www.safestyle-windows.co.uk.