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IN BRIEF: Safestyle UK expects annual revenue to beat market view

2nd Feb 2023 12:18

Safestyle UK PLC - Bradford-based retailer and manufacturer of PVCu replacement windows - Expects to report revenue of GBP154.3 million for financial 22 ended on January 1, up 7.7% from GBP143.3 million the year before. Expects underlying loss before tax to be in line with expectations. Current consensus for financial 2022 stands at GBP154 million, and Ebitda loss of GBP4.5 million. Looking ahead, says its order book at January 31 is marginally higher than a year ago.

Chief Executive Officer Rob Neale says: "Despite a number of unforeseen challenges in 2022, I am pleased with the significant progress we delivered on our strategic priorities and whilst we remain mindful of the difficulties facing UK consumers, we are confident that our business will continue to trade resiliently and return to profitability in 2023."

Current stock price: 23.50 pence, up 2.2% on Thursday around midday in London.

12-month change: down 56%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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