19th Jul 2016 07:37
LONDON (Alliance News) - Safestyle UK PLC on Tuesday said it has continued to trade in line with its "enhanced expectations" since its annual general meeting in May.
The replacement window and door retailer and manufacturer said order intake in the first half of 2016 was up by 20% year-on-year, which is expected to deliver first-half sales revenue of GBP83.5 million, up from GBP74.0 million the year before.
Safestyle added that it also will benefit from a controlled release of the strong first-half order book in the second half of the year.
"Whilst the longer-term impact of the referendum decision on the broader economy remains to be seen, there has been no short-term detrimental effect on our order intake," Chief Executive Steve Birmingham said in a statement.
"The company has a proven successful model, with a growth strategy underpinned by a combination of our expanded product range, attractive promotional finance package, continued geographic expansion and financial strength. As a result, the board remains confident in our ability to continue to outperform the market and achieve full-year results in line with management expectations," he added.
Shares in Safestyle were trading up 4.2% at 244.94 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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