Trading Statement

RNS Number : 5992R

Eurocell plc

13 December 2016

 

13 December 2016

EUROCELL PLC

(Symbol: ECEL)

Trading Update

Eurocell today provides an update on its trading performance for the period from 23 August to date.

Trading and Operational Performance

Trading in the second half of the year has seen sales continue in line with expectations.

Our specifications teams have been increasingly successful in generating demand for our products and the majority of our fabricators have strong order books going into 2017. Trading in the expanding branch network continues to be robust.

Gross margins have remained stable, with raw material pricing pressure mitigated by price increases implemented in the second half and assisted by continuing manufacturing efficiency gains.

We have also made good progress with our key strategic initiatives, which include:

·    Branch network - expanding the branch network, where we expect to end the year with 160 branches as planned (31 December 2015: 141 branches)

·     Innovative products - increased focus on innovative products, such as Equinox and Skypod, as well as sales of windows through the branch network

·     Recycling - use of recycled material increased as anticipated

·     Acquisitions - integration of Vista Panels in line with our plans

These factors underpin our earnings expectations for the year, which remain unchanged and in line with consensus.

Notice of Results

We will announce our full year results for the year ending 31 December 2016 on 8 March 2017.

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Notes:

Eurocell plc is a market leading, vertically integrated UK manufacturer, recycler and distributor of innovative window, door and roofline PVC products.

The Company considers this announcement to contain inside information.

 

Enquiries:

Eurocell plc

Mark Kelly, Chief Executive Officer

[phone]

Michael Scott, Chief Financial Officer

[phone]

Teneo Blue Rubicon

Ben Foster

[phone]

Camilla Cunningham

[phone]

END

 

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