16th Jul 2015 07:45
LONDON (Alliance News) - Windows and doors manufacturer Safestyle UK PLC on Thursday said it has continued to trade well through the first half of 2015, with revenue expected to be higher year-on-year on the back of an improved order intake.
Safestyle said revenue for the first half to the end of June is expected to be around GBP74 million, up 6.8% on the GBP69.2 million it posted a year earlier. The group said the rise comes after the very strong trading it saw in the first quarter continued into the second, with revenue boosted by market share gains and price increases implemented in January.
The group expects this robust trend to continue in the second half of the year and is confident on meeting its forecasts for the full year.
Order intake was up by 7.1% in the first half, compared to a 10.1% contraction for the wider market in the same period. That allowed the company to increase its market share to 9.5% in the half.
"Trading in the first half has been good, showing growth against a very robust comparable period in 2014, especially the first quarter. With our strong order intake and growth in market share, we are well placed to continue our recent progress and we look forward to the second half with confidence," said Steve Birmingham, Safestyle's chief executive.
Shares in Safestyle were up 1.7% to 235.00 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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