Alan Lovell, Chairman of Safestyle UK plc, the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, will make the following statement at today’s Annual General Meeting:
Our trading has remained in line with recently revised expectations outlined in our Final Results in March. We have maintained the price increases enacted late last year to mitigate input cost inflation. Recently, we have slowed the rate of further price progression as input cost increases have begun to moderate and we are actively managing the balance between lead conversion/volume and price progression.
Investment in our strategic agenda has continued as we launched a material TV and radio campaign across February and March and pleasingly have seen further increases in our brand awareness which we are confident will underpin our growth aspirations for the medium term.
Beyond the brand, the business continues to make progress on its other key strategic objectives, and we look forward to providing a more detailed update at our Interim Results in September.
The Group is on track with its programme to reduce its cost base and improve margins. The Board expects these will positively impact the underlying performance of the business as the year progresses and consequently, guidance for the full year remains unchanged.
View article on Plc website here: https://otp.investis.com/clients/uk/safestyle/rns/regulatory-story.aspx?newsid=1688464&cid=656
To get weekly updates from DGB sent to your inbox, enter your email address in the space below to subscribe:
By subscribing you agree to DGB sending you weekly email updates with all published content on this website, as well as any major updates to the services being run on DGB. Your data is never passed on to third parties or used by external advertising companies. Your data is protected and stored on secure servers.
