21st Jan 2016 08:55
LONDON (Alliance News) - PVC building products supplier Eurocell PLC on Thursday said it continued to trade well in the second half of 2015, despite the well-documented slowdown in the UK repair, maintenance and improvement market.
Eurocell said its revenue for the second half is expected to be around GBP93.2 million, up 3.6% year-on-year and leaving its full-year revenue at GBP175.8 million, up 1.6%.
The company said its branch network showed positive growth over the course of the year, and it has managed to improve its gross margin through operational efficiencies.
"I am pleased with the outcome for the year, in which we have continued to grow revenue and profitability," said Patrick Bateman, Eurocell's chief executive.
Shares in Eurocell were untraded early Thursday, having last traded at 187.62 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Eurocell