Half Year Trading Update

RNS Number : 4151M

Safestyle UK PLC

16 July 2014

 



16 July 2014

Safestyle UK plc

Half Year Trading Update

Safestyle UK plc, (AIM: SFE), the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner replacement market, today issues a trading update for the six month period ended 30 June 2014, in advance of its Half Year results announcement on 18 September 2014.

Revenue for the first half of 2014 is expected to be £68.3 million, an increase of 8.9% on the previous year (2013: £62.7 million). Profit growth for the six months is expected to show good progress, reflecting the Company's underlying strong trading performance and improved margins.

Safestyle's market grew by just over 4% in the six month period. Following a strong first quarter, as anticipated the rate of growth slowed in the second quarter. Against this background, the Company continued to increase its market share in the period to 8.24% (7.85% as at 31 December 2013 for the preceding 12 months) according to FENSA data. The directors remain comfortable with current market expectations for the full year.

Enquiries:

Safestyle UK plc	Tel: [phone]
Steve Birmingham, Chief Executive Officer
Mike Robinson Chief Financial Officer
Zeus Capital (Nominated Adviser & Broker)	Tel: [phone]
Tim Metcalfe / Ross Andrews
Dominic King (Institutional Sales)
Newgate Threadneedle (Financial PR)	Tel: [phone]
Josh Royston / Madeleine Palmstierna	[e-mail]
Graham Herring

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 the Safestyle UK website: www.safestyle-windows.co.uk.

 

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