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Stelrad Group PLC - manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey - Says its year to date performance is ‘slightly’ ahead of expectations. Says year-on-year lower volumes have been offset by improved margins, supported by cost management actions and an improved mix of premium steel panel radiators. Continues to ‘manage’ inflationary cost increases. Backs outlook and says it is confident in delivering long-term value for all its shareholders.
‘The group continues to trade well thanks to our brand strength and well-established relationships with major distributors and specifiers,’ Chief Executive Trevor Harvey comments.
We are confident in our strategy and ability to continue growing our market share both organically and through mergers & acquisitions‘.
Current stock price: 208.50 pence
12-month change: down 4.8%
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