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Strix (KETL) Share News

IN BRIEF: Strix sees pretax profit ahead of market expectations

31st Jan 2025 19:52

Strix Group PLC - Isle of Man-based supplier of kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Confirms it will report adjusted pretax profit for 2024 ahead of market consensus and comfortably within the previously announced range of GBP18 million to GBP19 million on a constant currency basis. Says the Kettle Controls division has maintained its dominant market position and stable market share in the regulated and less regulated markets, despite trading volatility in the fourth quarter. The Consumer Goods division is slightly below the prior year as planned. Read More

Strix expects full-year profit decline amid weaker second-half trading

27th Nov 2024 11:13

(Alliance News) - Strix Group PLC on Wednesday said in a trading update that it expects to report a fall in annual profit for 2024, following weaker trading in the second half of the year and cost price inflation. Read More

TRADING UPDATES: Strix lauds "milestone"; Quartix to meet expectations

15th Oct 2024 15:33

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

EARNINGS AND TRADING: Lords trading in line; Time Out trading ahead

20th Jun 2024 20:02

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

13th Jun 2024 16:05

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IN BRIEF: Strix raises GBP9 million in share placing to reduce debt

12th Jun 2024 11:40

Strix Group PLC - Isle of Man-based kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Raises GBP8.7 million from placing of 10.9 million shares, 5.0% of its total, at 80 pence each. The results of the placing, run by Stifel Nicolaus Europe Ltd and Zeus Capital Ltd, were as planned. The placing was first announced after the London market close on Tuesday. The funds will be used to reduce debt, part of the company's aim to reduce leverage below 2.0 times debt to capital, on the way to a goal of 1.5x by the end of 2025. Strix on Tuesday added that pretax profit for 2024 will be in line with current market expectations. Read More

IN BRIEF: Strix plans to raise GBP8.7 million via placing

11th Jun 2024 18:34

Strix Group PLC - Isle of Man-based supplier of kettle safety controls and water temperature management components - Intends to undertake equity placing of 10.9 million shares at 80 pence each, a nil discount to Monday's closing price. Gross proceeds to total GBP8.7 million. Placing represents 5.0% of issued share capital. Strix says placing originates from reverse inquiry from existing shareholder for 8.7 million shares allocated on a firm basis and 2.2 million shares subject to clawback from the participation of existing shareholders. Placing was agreed to by shareholders and will be conducted through an accelerated bookbuild process. Stifel Nicolaus Europe Ltd and Zeus Capital Ltd to act as joint bookrunners. Bookbuild is effective immediately. Read More

IN BRIEF: Strix CEO Mark Bartlett buys 68,000 shares

18th Apr 2024 12:54

Strix Group PLC - Isle of Man-based maker of kettle safety controls and other water temperature management devices - Chief Executive Officer Mark Bartlett buys 68,385 shares at average 72.75 pence, worth GBP49,750, on Monday. Now has 2.7 million shares, a 1.3% stake. Read More

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

2nd Apr 2024 12:26

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

EXTRA: Strix credits "acquisition of a lifetime" for revenue growth

27th Mar 2024 14:39

(Alliance News) - Strix Group PLC on Wednesday said that the purchase of Billi Australia Pty Ltd has "delivered exactly as expected", leading the firm's annual revenue to skyrocket. Read More

LONDON MARKET OPEN: FTSE 100 slips as unease lingers before US data

27th Mar 2024 09:03

(Alliance News) - Stock prices in London edged lower after the open on Wednesday, with some nervy trade ahead of a US inflation reading later in the week. Read More

Strix says annual revenue boosted by Billi acquisition

27th Mar 2024 08:17

(Alliance News) - Strix Group PLC on Wednesday said a recent acquisition helped boost its annual revenue, but it lowered its dividend as it aims to focus on debt reduction. Read More

UK earnings, trading statements calendar - next 7 days

20th Mar 2024 15:59

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TRADING UPDATES: Treatt revenue falls; Secure Trust profit picks up

25th Jan 2024 20:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

EXECUTIVE CHANGES: Anglesey Mining chair ousted, Strix CFO to retire

27th Oct 2023 21:11

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and Friday and not separately reported by Alliance News: Read More

EXTRA: Strix CEO "extremely positive" about Billi acquisition

21st Sep 2023 14:28

(Alliance News) - Strix Group PLC shares plunged on Thursday as the firm announced a reduction to its half-year dividend and said demand has fallen in its key markets, but its CEO said recent months have seen "a gradual improvement." Read More

Strix shares plummet as profit drops despite Billi boosting revenue

21st Sep 2023 11:23

(Alliance News) - Strix Group PLC on Wednesday said its pretax profit fell by over 40% in its latest half year and reduced its interim dividend, but announced new and optimistic medium-term goals. Read More

AIM WINNERS & LOSERS: Vela and Cizzle up as Conduit takes NY listing

21st Sep 2023 10:49

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

UK earnings, trading statements calendar - next 7 days

14th Sep 2023 15:43

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UK earnings, trading statements calendar - next 7 days

14th Sep 2023 15:43

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