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16 Jul 2014 07:00
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16 July 2014
Safestyle UK plc
Half Year Trading Update
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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.
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Revenue for the first half of 2014 is expected to be Β£68.3 million, an increase of 8.9% on the previous year (2013: Β£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.
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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.
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Enquiries:
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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 Β |
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About Safestyle UK plc
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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.
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