27 Jan 2014 07:00
27 January 2014
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Safestyle UK plc
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("Safestyle", the "Group", or the "Company")
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Year End Trading Update
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Safestyle, the largest retailer and manufacturer of PVCu windows and doors for the UK homeowner replacement market, is today providing a trading update for the year ended 31 December 2013.
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Revenue for the year was in excess of £124 million, in line with management's expectations, an increase of over 12% on the previous year (2012: £110 million). Profits for the year are also expected to be in line with management's expectations. The Company has continued to increase its market share during the year to 7.85% (2012: 7.49%) and was pleased to note that the overall market grew by 4.5%, according to FENSA, its first year of growth since 2007.
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Manufacturing increased during the year with 250,185 frames produced during the period (2012: 232,687 frames) whilst the number of installations increased by 9.4 % to 55,112 (2012: 50,357).
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The order book at the year end was strong and order intake in the first 3 weeks of 2014 has got off to a positive start exceeding management expectations.
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The Company will announce its audited results for the year ended 31 December 2013 on 31st March 2014.
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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 |
Graham Herring | safestyle@newgatethreadneedle.com |
Josh Royston | |
Madeleine Palmstierna |
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