22nd May 2023 09:22
Stelrad Group PLC - Newcastle, England-based steel panel radiator manufacturer - Says 2023 performance to date is in line with management expectations, and reaffirms full-year outlook announced in March. Noted an "encouraging start" in the first four months, with UK volumes being particularly resilient. At the time Stelrad said it expected lower volumes seen in second half year to continue but stabilise into the current half year. Stelrad says volumes in the second half year should be stronger as trading returns to historical seasonal patterns after "exceptionally strong" first half prior year comparator. DL Radiators SPA meanwhile has been "successfully integrated" into Stelrad since acquisition in July. Read More
