Strategic highlights
Good progress with strategy
‒ Acquisition of Stormking and Ecodek, extending the product range, material technology and sales channels - developing broader "low maintenance building products" model
‒ Operational improvement supported by increase in capital expenditure
‒ Developing momentum for cross-selling across brands and channels
Strong performance in Extrusion, offsetting weaker result in Fabrication & Distribution
Financial highlights
Profit growth and margin improvement in challenging market conditions
Good cash performance
Robust balance sheet - renewed banking facilities available for investment and acquisitions
Total dividend for the year of 6.37 pence (2014: 4.24 pence)
Current trading
Current trading in 2016 has been in line with expectations
Jon Bednall, Chief Executive, said:
"We have made good progress with our core strategy of focusing on operational improvements, leveraging our capital assets and targeting acquisitions to broaden our product portfolio and capabilities. Shareholder returns in our near two years since becoming a public company have been ahead of expectations at IPO and, whilst market conditions grew more challenging in the second half of 2015, we have a strong platform from which to progress and we expect to make further advances in 2016."
