IN BRIEF: Titon shares drop on supply chain and inflation warning
22nd Jul 2022 10:04
Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Warns that its full year performance will be worse than expected as it anticipates the UK and Europe to be affected by shortages of raw materials as well as inflation. "In the last three months we have continued to see margin erosion from cost inflation and this has had a significant bearing on our financial results for the second half of the year. We will be putting through further price increases for our own products before the year-end to seek to mitigate the margin impact of these cost increases going forwards," Titon explains. Read More