Polypipe Group PLC Trading Update

Fecha : 23/05/2019 @ 01:00
Fuente : UK Regulatory (RNS & others)
Emisora : Polypipe Group Plc (PLP)
Cotización : 439.8  0.0 (0.00%) @ 19:00
Polypipe Cotización de acciones Gráfica

Polypipe Group PLC Trading Update

Polypipe (LSE:PLP)
Gráfica de Acción Histórica

2 meses : De Abr 2019 a Jun 2019

Haga Click aquí para más Gráficas Polypipe.

TIDMPLP

RNS Number : 9006Z

Polypipe Group PLC

23 May 2019

Polypipe Group plc

Trading Update

23 May 2019

Polypipe Group plc ("Polypipe" or the "Group"), a leading provider of sustainable water and climate management solutions for the built environment, today issues an update on trading for the four months ended 30 April 2019, ahead of its Annual General Meeting, which takes place at 1030hrs (BST) today at the Holiday Inn, High Road, Doncaster, DN4 9UX. Polypipe will report its interim results for the six months ending 30 June 2019 on 13 August 2019.

Trading update

An encouraging start to the year gives the Board confidence of delivering its full year 2019 expectations.

Group revenue for the four months ended 30 April 2019 at GBP146.6m (2018: GBP135.7m) was 8.0% higher than the prior year. On a like-for-like basis excluding the impact of acquisitions, revenue was 3.0% higher.

Residential Systems revenue, representing 57% of Group revenue, was 8.4% higher than the prior period, helped by improved weather conditions and the acquisition of Manthorpe. This was partially offset by merchant pre-price increase forward buying into Q4 2018. Manthorpe, acquired in October 2018, is performing in line with expectations and integration is going to plan.

Commercial and Infrastructure Systems revenue, representing 43% of Group revenue, was 7.6% higher than the prior year, buoyed by the continued success of new product launches in 2018, improved weather conditions, and the acquisition of Permavoid which is performing in line with expectations, with integration now complete.

Martin Payne, Chief Executive Officer said:

"Our leading position as a provider of sustainable water and climate management solutions continues to help us drive strong cash generation and deliver growth. Trading in recent weeks has remained strong with continued market share gains and end markets holding up well. We remain on track to deliver our expectations for the full year."

For further information please contact:

   Polypipe                                                         +44 (0) 1709 770 000 

Martin Payne, Chief Executive Officer

Paul James, Chief Financial Officer

   Brunswick                                                       +44 (0) 20 7404 5959 

Nina Coad

Dan Roberts

Nick Beswick

A copy of this trading update will be available on our website http://ir.polypipe.com today from 0700hrs (BST).

Notes to Editors:

Polypipe Group plc ("Polypipe" or the "Group"), a leading provider of sustainable water and climate management solutions for the built environment is the largest manufacturer in the UK, and among the ten largest manufacturers in Europe, of plastic piping systems for the residential, commercial, civils and infrastructure sectors by revenue. It is also a leading designer and manufacturer of energy efficient ventilation systems in the UK.

The Group operates from 18 facilities in total, and with over 20,000 product lines, manufactures the UK's widest range of plastic piping systems for heating, plumbing, drainage and ventilation. The Group primarily targets the UK and European building and construction markets with a presence in Italy and the Middle East and sales to specific niches in the rest of the world.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTUUSVRKOAVUAR

(END) Dow Jones Newswires

May 23, 2019 02:00 ET (06:00 GMT)

Su Consulta Reciente
BMV
FIBRAPL14
Fibra Prol..
BMV
AMXL
América Mó..
BMV
ME
IPC México
BMV
ALSEA*
Alsea
FX
USDMXN
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20190627 06:16:21