Monday, March 1, 2021

Profit before tax ahead of expectations at Eurocell

Profit before tax is set to be ahead of expectations at Eurocell, the Derbyshire-based manufacturer, recycler and distributor of window, door and roofline PVC products.

In an update for the year ended 31 December 2020 the company said that its strong sales performance previously announced for the 4 months to 31 October continued through to the end of the year.

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 expectations.

As a result of stronger than anticipated sales for November and December, the company now believes underlying profit before tax for the full year 2020 will be ahead of expectations.

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