Safestyle UK PLC Year End Trading Update (0382D)
January 26 2015 - 2:00AM
UK Regulatory
TIDMSFE
RNS Number : 0382D
Safestyle UK PLC
26 January 2015
26 January 2015
Safestyle UK plc
("Safestyle" or the "Company")
Year End Trading Update
Safestyle UK plc (AIM: SFE), the leading UK-focused retailer and
manufacturer of PVCu windows and doors for the homeowner
replacement market, is pleased to provide a trading update for the
year ended 31 December 2014.
The Company has continued to trade well, with revenue for the
year increasing 9.0 per cent to approximately GBP136.0 million
(2013: GBP124.8 million). In addition, profit before tax has shown
good progress and is anticipated to be in line with consensus
market expectations*.
The Company has continued to increase market share from 7.85 per
cent as at 31 December 2013 to 8.48 per cent as at 31 December
2014, according to FENSA data, which shows a small contraction in
the overall market in 2014. However, our growth is also reflected
in the increase in frames manufactured during the year, up 7.0 per
cent to 267,642 (2013: 250,185 frames), whilst the number of
installations increased 4.7 per cent to 57,682 (2013: 55,112). The
order book at the year end was 3% up on last year.
Cash flow has continued to be strong and we ended the year with
cash of GBP8.5million, compared with GBP5.2million at 31 December
2013, having paid dividends of GBP6.7million in H2 2014.
The Company will announce its audited results for the year ended
31 December 2014 on
26 March 2014.
Steve Birmingham, CEO of Safestyle UK, commented:"Trading in our
first full financial year as a quoted company has been strong. The
results for the year, with growth in revenue, profit and market
share, has largely been driven by our marketing strategy where we
have successfully developed a more sophisticated multi-channel
approach to connect with our current and potential customers,
reflecting changing buying habits. We continue to focus on the
South of England as a key driver of growth. Looking forward we are
confident that we can continue to outperform the market in
2015."
Note: *: Consensus market expectation for FY2014 profit before
tax is GBP16.7million (before share based payments) (2013: GBP15.0
million before AIM admission costs and historic tax
settlement).
Enquiries:
Safestyle UK plc Tel: via Newgate
Steve Birmingham (Chief Executive
Officer)
Mike Robinson (Chief Financial
Officer)
Zeus Capital (Nominated Adviser Tel: 0207 533 7727
& Broker)
Dominic King/Ross Andrews/ John
Treacy
Newgate Communications (Financial Tel: 0207 653 9850
PR)
Madeleine Palmstierna safestyle@newgatethreadneedle.com
Tim Thompson
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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