Year End Trading Update

RNS Number : 5231Y

Safestyle UK PLC

27 January 2014

 

27 January 2014

Safestyle UK plc

("Safestyle", the "Group", or the "Company")

Year End Trading Update

Safestyle, the largest retailer and manufacturer of PVCu windows and doors for the UK homeowner replacement market, is today providing a trading update for the year ended 31 December 2013.

Revenue for the year was in excess of £124 million, in line with management's expectations, an increase of over 12% on the previous year (2012: £110 million). Profits for the year are also expected to be in line with management's expectations. The Company has continued to increase its market share during the year to 7.85% (2012: 7.49%) and was pleased to note that the overall market grew by 4.5%, according to FENSA, its first year of growth since 2007.

Manufacturing increased during the year with 250,185 frames produced during the period (2012: 232,687 frames) whilst the number of installations increased by 9.4 % to 55,112 (2012: 50,357).

The order book at the year end was strong and order intake in the first 3 weeks of 2014 has got off to a positive start exceeding management expectations.

The Company will announce its audited results for the year ended 31 December 2013 on 31^st March 2014.

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]
Graham Herring	[e-mail]
Josh Royston
Madeleine Palmstierna

 

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