22nd Mar 2018 11:46
Safestyle, which makes PVCu replacement windows and doors, posted pretax profit of
Revenue for the year was down 0.5% to
Safestyle is paying a final dividend of
Safestyle also announced the appointment of Robert Neale as its new finance chief, effective from "no later" than July 16. He will replace Mike Robinson, who is leaving after ten years at the company's annual general meeting at the end of May.
Neale is currently head of leisure travel finance at Jet2.com and Jet2 Holidays, part of
Market conditions were stable at the start of 2017, Safestyle said, but contraction accelerated afterwards and the outlook for the large household discretionary purchase market remains difficult, and it expects this to continue throughout 2018.
Orders from digital activities and director response channels exceeded all other sources for the first time, now making up 47% of total sales.
Going into 2018, Safestyle is to continue investing in its digital transformation project to further reduce costs and increase operational effectiveness. It believes 2018 will be a "year of transition", with a leaner, more cost effective business by the end of it.
Safestyle shares were up 2.8% on Thursday at a price of
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