Business
Trading Update November 2021
Trading Update November 2021.
About this update from Eurocell Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3229T\n Eurocell plc\n 24 November 2021\n \n \n \n \n 24 November 2021\n \n \n EUROCELL PLC\n \n \n (\"Eurocell\" or the \"Group\")\n \n \n \n \n \n Trading Update - Continued Growth, Outlook Confirmed\n \n \n \n \n \n Eurocell plc, the market leading, vertically integrated UK manufacturer, recycler and distributor of innovative window, door and roofline PVC products, provides the following update for the ten months to 31 October 2021.\n \n \n \n \n \n Summary \n \n \n The positive sales trends from H1 have continued into the second half of the year, supported by good underlying demand in our markets. We are taking effective action to mitigate ongoing cost inflation and supply chain pressures. As a result, we remain on track to deliver profit before tax for the full year in line with market expectations(1).\n \n \n \n \n \n Trading Performance \n \n \n Group sales for the four months to 31 October were up 18% compared to 2019 and 5% compared to 2020, with the latter reflecting a very strong second half last year. For the ten months to 31 October 2021, sales were up 21% compared to 2019 and 38% compared to 2020. Divisional growth rates were as follows:\n \n \n \n \n \n \n \n \n \n Sales growth\n \n \n \n \n 4 months to 31 Oct 2021 \n \n \n \n \n YTD\nto 31 Oct 2021\n \n \n \n \n 4 months to 31 Oct 2021 \n \n \n \n \n YTD\nto 31 Oct 2021\n \n \n \n \n \n \n vs 2019\n \n \n \n \n vs 2020\n \n \n \n \n \n \n Total Group \n \n \n \n \n 18%\n \n \n \n \n 21%\n \n \n \n \n 5%\n \n \n \n \n 38%\n \n \n \n \n \n \n Profiles Division\n \n \n \n \n 19%\n \n \n \n \n 19%\n \n \n \n \n 14%\n \n \n \n \n 48%\n \n \n \n \n \n \n Building Plastics Division\n \n \n \n \n 18%\n \n \n \n \n 23%\n \n \n \n \n -1%\n \n \n \n \n 32%\n \n \n \n \n \n \n \n \n \n Whilst demand in the repair, maintenance and improvement (RMI) market has moderated from the unprecedented levels experienced in H2 2020 and H1 2021, this sector remains strong. Furthermore, we believe we are also continuing to take market share. Group sales growth for the ten months to 31 October of 21% compared to 2019 includes:\n \n \n · \n Profiles up 19% - good contributions from trade fabricators, who are substantially focused on the RMI market, and another very strong performance from Vista doors. New ...