AGM Statement

RNS Number : 6648Y

Safestyle UK PLC

19 May 2016

 

19 May 2016

Safestyle UK PLC

("Safestyle" or the "Group")

AGM Statement

Steve Halbert, Chairman of Safestyle UK plc, the window and door replacement company, will make the following statement at today's Annual General Meeting in respect of current trading:

"The Group's new financial year has begun very well. Order intake for the first four months of 2016 shows growth of 24% versus the same period last year and is ahead of management expectations. Our strong start to the year can be attributed to a number of factors, including a wider product range that represents excellent value, investment in our brand and the continued success of our market leading promotional finance. 

The comparators for the second half of the year will take into account the Group's enhanced promotional finance offer that was introduced in June 2015 and had a significant positive impact on trading in H2 2015. As a consequence, we expect the growth in order intake in H2 2016 to moderate from the current exceptional levels.

The strong growth in our order intake to date makes the Board confident that the Group will deliver excellent results for 2016."

Enquiries:

Safestyle UK plc Steve Birmingham, Chief Executive Officer Mike Robinson, Chief Financial Officer	via FTI Consulting
Zeus Capital (Nominated Adviser & Joint Broker) Nick How / Dominic King	Tel: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Tom Fyson	Tel: [phone]
FTI Consulting (Financial PR) Oliver Winters / Alex Beagley / James Styles	Tel: [phone]

About Safestyle UK plc

The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market.  For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk.

 

END

 

 

AGMEAXSPFDNKEFF