Business
Year End Trading Update - Strong Finish to 2020
Year End Trading Update - Strong Finish to 2020.
About this update from Eurocell Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7768L\n Eurocell plc\n 15 January 2021\n \n \n \n \n 15 January 2021\n \n \n EUROCELL PLC\n \n \n (\"Eurocell\" or the \"Group\")\n \n \n \n \n \n Year End Trading Update - Strong Finish to 2020\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 year ended 31 December 2020.\n \n \n \n \n \n Summary\n \n \n The strong sales performance previously announced for the 4 months to 31 October continued through to the end of the year. \n \n \n \n \n \n Reported Group sales for H2 were £164 million, up 15% on H2 2019. Group sales for the full year were £257 million, a reduction of 8% on 2019. Gross margins and operating efficiencies in H2 were in line with our expectations.\n \n \n \n \n \n As a result of stronger than anticipated sales for November and December, we now believe underlying profit before tax for the full year 2020 will be ahead of current expectations. \n \n \n \n \n \n Trading Performance\n \n \n Sales growth rates in 2020 were as follows:\n \n \n \n \n \n \n \n \n \n Sales growth\n \n \n \n \n H1\n \n \n \n \n July / Aug\n \n \n \n \n Sept / Oct\n \n \n \n \n Nov / Dec\n \n \n \n \n H2 \n \n \n \n \n Full Year \n \n \n \n \n \n \n Reported \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total Group\n \n \n \n \n -31%\n \n \n \n \n 11%\n \n \n \n \n 15%\n \n \n \n \n 19%\n \n \n \n \n 15%\n \n \n \n \n -8%\n \n \n \n \n \n \n Like-for-like(1)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total Group \n \n \n \n \n -4%\n \n \n \n \n 12%\n \n \n \n \n 14%\n \n \n \n \n 21%\n \n \n \n \n 15%\n \n \n \n \n 8%\n \n \n \n \n \n \n Profiles Division\n \n \n \n \n -14%\n \n \n \n \n 2%\n \n \n \n \n 9%\n \n \n \n \n 21%\n \n \n \n \n 10%\n \n \n \n \n -1%\n \n \n \n \n \n \n Building Plastics Division\n \n \n \n \n 3%\n \n \n \n \n 20%\n \n \n \n \n 18%\n \n \n \n \n 21%\n \n \n \n \n 19%\n \n \n \n \n 14%\n \n \n \n \n \n \n \n \n \n (1) Like-for-like excludes acquisitions and new branches opened in 2019/20, and is calculated by comparing average sales per trading day...