20th Jan 2016 08:05
LONDON (Alliance News) - Home safety products maker Sprue Aegis PLC on Wednesday said its 2015 results will be ahead of market expectations after strong performances in France and the UK.
The smoke detector and carbon monoxide detector maker said its revenue for the year will be around GBP88.5 million, up 35% year-on-year, while its operating profit will be about GBP12.1 million, up 16%. Both are ahead of market expectations.
Sprue Aegis said strong sales in the first half in France helped push its European sales higher, though this softened in the second half, while its UK sales rose 33% in the year, largely due to higher carbon monoxide detector sales due to the introduction of legislation making them mandatory for landlords to install.
The group said it expects its 2016 results to meet market expectations, though said sales will be weighted to the second half.
By Sam Unsted; [email protected]; @SamUAtAlliance
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