MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above

Epwin hit by significant input price increases

Epwin Group's pre-tax profits fell to £7.5m in the six months to the end of June - 27.9% down on last time.

Revenues were up 4.6% at £149.9m but underlying operating profits fell by 5.9% to £11.1m and margins dropped to 7.4% from 8.2%.

Chief executive Jon Bednall said: "Performance in the first half of 2017, despite the significant input price increases resulting from the weakening of sterling, demonstrates the resilience of the Group's business model and the Board's strategy.

"We have continued to broaden our product portfolio and channels to market as well as drive operational efficiency and product development.

"However, in light of market conditions, the political and economic uncertainty and the highlighted customer issues, the Group has accelerated the implementation of a programme aimed at adjusting the Group's operational footprint.

"We remain confident of the long-term growth drivers in the RMI market and continue to progress with our strategy, focused on operational improvement, selective acquisitions, product range expansion and development, and integration of operations.

"We are confident in continuing our record of strong cash generation and our ability to offer an attractive dividend to shareholders."

Story provided by