17th Nov 2020 17:07
Eurocell PLC - window, door and roofline PVC products - For the second half to date, total sales have grown by 13%, compared to a 31% decline for the first half of 2020. For the year to date, sales have dropped by 12%. However, on a like-for-like basis, sales for the 10 months to the end of October have grown by 5%.
Eurocell noted a stronger RMI market, with housing market activity also increasing due to high levels of mortgage approvals.
Looking ahead, full-year underlying pretax profit set to be ahead of current expectations, and intends to return to paying dividends in 2021.
Will publish its annual results on March 11, 2021.
Current stock price: 205.20
Year-to-date change: down 16%
By Dayo Laniyan; [email protected]
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