We design, develop and manufacture the most comprehensive range of plastic piping products in the UK, with over 20,000 products available. Our primary focus is on developing and supporting pragmatic product systems through specific knowledge and understanding of the residential, commercial, civils and infrastructure market sectors. We ensure that customers can trust our significant sales and technical expertise to provide value engineered, fit for purpose piping solutions for the growing diversity and complexity of construction and building technology challenges they face. -

Last year Polypipe generated sales of £301m and adjusted cash profits of £54m, giving an adjusted operating margin of 18 per cent.

Polypipe’s birth as a publicly-listed company comes at a time when the Construction Products Association is estimating that spending on roads, water and sewage, electricity and rail is expected to grow by 8.3 per cent this year, and rising in 2015 by 18.2 per cent. And on the house construction side, output is expected to grow to pre-recession levels some time next year. Given its strong position as the UK’s leading plastic pipe manufacturer, the company could be an interesting one to watch.

http://www.polypipe.com/

18 Dec Deutsche Bank upgrades 301.00 Buy

3 Feb Numis 300.00 Buy

10 Feb Deutsche Bank 301.00 Buy

Polypipe Group PLC (PLP:LSE) set a new 52-week high during today's trading session when it reached 274.25. Over this period, the share price is up 4.81%.

Finals Thurs 26 March . IC- The UK property market should provide the backdrop for a buoyant set of maiden results from plastic piping manufacturer Polypipe (PLP). In a November trading statement , Chief executive David Hall said full year results would come in at the top end of market expectations.

Final results

Financial Highlights



· Delivering the strategy set out during the Group's successful IPO in April 2014

· UK construction market recovery, combined with our strategic focus on structural growth opportunities, generated revenue growth from UK operations of 12.4% over 2013

· Improved UK volumes resulted in Group operating profit increasing by 16.6% to £46.3m1

· Strong cashflow - cash from operations1 after capex 26.3% ahead of prior year

· Recommended final dividend of 3.00 pence per share

· Exceptional items relate to IPO costs (£12.2m) and IPO related refinancing costs (£8.6m).



Operational Highlights



· Strong demand for residential piping systems from UK housebuilders, increasingly from smaller developers and projects outside of London and the South-East

· Good volumes from road and rail projects and the development of high rise, multi-occupancy buildings in London

· Structural growth opportunities driving the business: significant increase in sales of Water Management Solutions, driven by legislation aimed at reducing flood risk and continued growth in Carbon Efficient Solutions supported by the need for higher performance ventilation systems

· Broadened product offer through two small bolt on acquisitions - the Ferrob Ventilation business in October 2014 and the Surestop business in January 2015

· Improved export performance underpinned by growing presence in the Middle East

Nice buy rec in Investors Chronicle. Long term hold for me. I like the fact they've invested a lot of time and money on many products and have high barriers to entry. Hopeful for a multi-bagger here.

Ic today - Bouyant prospects in vibrant markets such as electricity, water, sewage and roads offer plenty of growth potential for Polypipe. Yet that potential isn't yet reflected in a rating of just 13 times forecast earnings. That represents a hefty discount of about a third to peers Grafton and Howden Joinery.

New highs finally - blue sky ahead...

Trading update

27 May Numis 300.00 Add
27 May Deutsche Bank 315.00 Buy

18 Jun Berenberg 340.00 Buy

30 Jun Deutsche Bank 520.00 Buy

Acquisition

6 Aug Canaccord... 356.00 Buy
6 Aug Deutsche Bank 315.00 Buy

Thurs 20 Aug interims

Please Note - Streaming News is only available to subscribers to the Active Level and above



Completion of Acquisition of Nuaire
RNS
RNS Number : 3688W
Polypipe Group PLC
18 August 2015

18 August 2015



Polypipe Group plc



Completion of Acquisition of Nuaire



Further to the announcement on 5 August 2015, Polypipe Group plc (the "Group"), a leading manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors, is pleased to confirm that it has now successfully completed the acquisition of Nu-Oval Acquisitions 1 Limited ("Nuaire").



The Group will be announcing its interim results for the six months ended 30 June 2015 on 20 August 2015.

Half yearly report

Financial Highlights



· Underlying UK revenue growth of 5.1%, after adjusting for working days.



· 150 bps improvement in Group operating profit margin to 15%.



· 29.2% improvement in adjusted EPS due to strong operating performance and lower finance charges since refinancing.



· Interim dividend of 2.3p in line with policy to pay a minimum of 40% of the Group's profit after tax.



Operational Highlights



· Strategic acquisition of Nuaire in August 2015 to enhance capability to support Carbon Efficient solutions

· Good demand for residential piping systems from UK housebuilders, increasingly from projects outside of London and the South-East

· Improvement in the residential RMI sector

· Good demand from road and rail projects

· Strong increase in sales of Water Management Solutions, driven by planning legislation requiring new sites to contain stormwater to avoid flooding

· Good sales growth in the Middle East

20 Aug Numis 360.00 Add

21 Aug Deutsche Bank 391.00 Buy
21 Aug Berenberg 395.00 Buy
20 Aug Numis 360.00 Add
6 Aug Canaccord... 356.00 Buy
6 Aug Deutsche Bank 315.00 Buy
29 Jul Deutsche Bank 315.00 Buy