Notice of Results

RNS Number : 5846D

Stelrad Group PLC

04 March 2022

 

4 March 2022

Stelrad Group plc

("Stelrad" or "the Group")

Notice of 2021 Full Year Results

Stelrad, a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, will announce its audited financial results for the 12 months ended 31 December 2021 on Monday 14 March 2022.

Trevor Harvey (CEO) and George Letham (CFO) will host an analyst presentation at 9:00am GMT on the day to talk through the Group's operational and financial performance.

If you would like to attend, please email Powerscourt via [e-mail] for dial in details.

-Ends-

For further information:

Enquiries

Stelrad Radiator Group Trevor Harvey, Chief Executive Officer George Letham, Chief Financial Officer	[phone]
Investec Bank plc (Sole Corporate Broker) Bruce Garrow Ben Griffiths Alex Penney	[phone]
Powerscourt (Media Relations) James White / Genevieve Ryan	[phone] [e-mail]

Notes to Editors

Stelrad Group plc is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature (LST) radiators, towel warmers, decorative steel tubular radiators and other steel "column" radiators to more than 500 customers annually.

The Group has four core brands: Stelrad, Henrad, Hudevad and Termo Teknik, which had approximately 16.6 per cent. share by volume of total markets in the UK, Europe, and Turkey in 2020, including 50.2 per cent. market share in the UK. In 2020, the Group held top 3 share positions in 11 countries and was #1 in the UK, Ireland, the Netherlands, Belgium and Denmark. 

It is headquartered in Newcastle upon Tyne in the United Kingdom with manufacturing and distribution facilities at Mexborough in the UK, Nuth in the Netherlands and Çorlu in Turkey, employing 1,325 employees across the business, as at 31 December 2020.

The origins of the Group date back to the 1930s and, today, Stelrad enjoys long established commercial relationships with many of its customers, having served each of its top five customers for over twenty years.

 

END

 

 

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