13th Dec 2016 09:00
LONDON (Alliance News) - Eurocell PLC on Tuesday said its earnings expectations for 2016 remain unchanged and in line with consensus.
The window, door and roofline PVC products manufacturer said sales have continued in line with expectations since August 23, the last time Eurocell provided a trading update.
Its specifications teams have been "increasingly successful" in generating demand for its products and most of its fabricators have strong order books going into 2017, the group said. Trading in its expanding branch networks remains "robust", Eurocell added.
The group said raw material pricing pressure has been mitigated by price increases implemented in the second half, and gross margins have remained stable.
Since August 23, Eurocell said it has expanded its branch network and expects to end the year with 160 branches as planned, up from 141 branches a year earlier. Eurocell said it has also increased its use of recycled material as planned, and integrated its Vista Panels acquisition in line with its plans.
Eurocell will announce its full year results for 2016 on March 8, 2017.
Shares in Eurocell were up 2.8% at 182.00 pence on Tuesday.
By Hannah Boland; [email protected]; @Hannaheboland
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