1st Feb 2017 08:15
LONDON (Alliance News) - Epwin Group PLC on Wednesday said it was continuing efforts to mitigate rising input costs in the wake of Brexit, and expects 2016 profit to be in line with expectations.
The building products manufacturer said it has continued its strong cash generation in challenging market conditions and the performance of its recent acquisitions continues to be encouraging.
Epwin said it remains confident in the long-term market drivers for its products, noting that there is still pent-up demand in the repair, maintenance and improvement sector.
However, the group said the long-term impact from the EU referendum outcome in the UK on both consumer confidence and demand "remains unclear", whilst input costs have increased since June as a result of the weaker sterling.
Epwin will post its full year results on April 6.
Shares in Epwin were up 1.2% at 103.25 pence on Wednesday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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