For over 20 years, Safestyle has been producing high-quality, affordable double-glazed windows and doors for homes across Britain. Having started with capital of just £2,000 in 1992, a passion for double glazing and a commitment to delivering quality windows and doors and first-rate service has seen us go from strength to strength; we are now an industry leader with 29 branches and 10 installation depots across England and Wales, and install windows and doors worth over £100 million on domestic properties each year.

http://www.safestyle-windows.co.uk/

ST of IC - Trading on a cash-adjusted PE ratio of 13 for the current financial year, and offering a prospective dividend yield of 4 per cent, my advice is clear cut: run your healthy profits.

AGM Statement

RNS


RNS Number : 6648Y

Safestyle UK PLC

19 May 2016






19 May 2016

Safestyle UK PLC

("Safestyle" or the "Group")



AGM Statement



Steve Halbert, Chairman of Safestyle UK plc, the window and door replacement company, will make the following statement at today's Annual General Meeting in respect of current trading:



"The Group's new financial year has begun very well. Order intake for the first four months of 2016 shows growth of 24% versus the same period last year and is ahead of management expectations. Our strong start to the year can be attributed to a number of factors, including a wider product range that represents excellent value, investment in our brand and the continued success of our market leading promotional finance.



The comparators for the second half of the year will take into account the Group's enhanced promotional finance offer that was introduced in June 2015 and had a significant positive impact on trading in H2 2015. As a consequence, we expect the growth in order intake in H2 2016 to moderate from the current exceptional levels.



The strong growth in our order intake to date makes the Board confident that the Group will deliver excellent results for 2016."

ST of IC today -


Break-out looms

Shares in Aim-traded uPVC window company Safestyle (SFE: 279p) are closing in on their intra-day all-time high of 296p hit in March and I wouldn’t be betting against that price level being taken out anytime soon.

Half Year Trading Update

RNS


RNS Number : 5284E

Safestyle UK PLC

19 July 2016




19 July 2016

Safestyle UK plc



("Safestyle" or the "Company")



Half Year Trading Update



Safestyle UK plc (AIM: SFE), the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, today issues a trading update for the six months ended 30 June 2016, in advance of its half year results announcement scheduled for Thursday 15 September 2016.



Since our last trading statement at our AGM on 19 May 2016, the Company has continued to trade in line with our enhanced expectations for the current year. Order intake in the first half was up 19.7% on prior year, which is expected to deliver H1 sales revenue of £83.5 million, an increase of 12.8% (H1 2015: £74.0 million). FENSA statistics show that we have increased our market share year on year to 10.0% from 9.5%.



During the first half of the year our order book increased significantly and we will benefit from a controlled release of some of this increase in the second half.



Cash flow has continued to be strong and we had net cash of £23.6 million at 30 June 2016 (30 June 2015: £14.9 million).



Steve Birmingham, CEO of Safestyle UK, commented:



"We are very pleased with our performance in the first half of this year. Whilst the longer term impact of the referendum decision on the broader economy remains to be seen, there has been no short term detrimental effect on our order intake. The Company has a proven successful model, with a growth strategy underpinned by a combination of our expanded product range, attractive promotional finance package, continued geographic expansion and financial strength. As a result, the Board remains confident in our ability to continue to outperform the market and achieve full year results in line with management expectations."

Interim results

· Volume of frames installed increased by 5.7% to 149,742 (H1 2015: 141,712)

· Continued growth in market share to 10.0% at 30 June 2016 (End 2015: 9.5%)

· Leads generated from media and on-line marketing grew by 26% to 39,118 (H1 2015: 31,095)

· Average unit sales price up 4.7% to £556 (FY 2015: £531)

· New sales offices opened in Guildford and Norwich

· Pre-tax operating cash flow of £9.8 million (2015: £8.7 million)

15 Sep N+1 Singer 300.00 Buy
15 Sep Liberum Capital 310.00 Buy
15 Sep Cantor... 270.00 Buy

ST of IC today - The bottom line is that on 13 times earnings estimates after stripping out net cash, and offering a prospective dividend yield of 4.2 per cent, the rating fails to price in the huge competitive advantage Safestyle has, potential for both organic growth and further market share gains, and the distinct possibility of more special dividends. I rate the shares a buy at 275p and my target price is 300p

27/09/2016
BUY
Stephen Birmingham
CEO
17,500

Year End Trading Update

RNS


RNS Number : 7816U

Safestyle UK PLC

23 January 2017




23 January 2017



Safestyle UK plc



("Safestyle" or the "Company")



Year End Trading Update



Safestyle UK plc (AIM: SFE), the leading UK-focused retailer and manufacturer of PVCu windows and doors for the homeowner market, is pleased to provide a trading update for the year ended 31 December 2016.

The Company has continued to trade well, with revenue for the year increasing 9.8% to approximately £163.5 million (2015: £148.9 million). In addition, profit before tax has shown good progress and is in line with Board expectations. As expected, our second half showed slower growth than H1 due to more challenging comparatives.

Our performance in 2016 has been pleasing and we estimate that we have continued to gain market share. Our growth is reflected in the increase in frames manufactured during the year, up 3.2% to 288,460 (2015: 279,453 frames), whilst the number of installations increased 4.7% to 62,989 (2015: 60,134).

Price increases implemented at the start of 2016 helped us deliver improved operating margins, offsetting consumer finance subsidy costs, which have become an established feature of our cost base.

Cash flow has continued to be strong and we ended the year with cash of £13.5 million (31 December 2015: £16.5million), having paid a special dividend during the year of £5.6m and incurred £4.6m of expenditure on our new factory extension, which continues to be on time and on budget.

The Company intends to announce its audited results for the year ended 31 December 2016 on 23 March 2017.

Steve Birmingham, CEO of Safestyle UK, commented:

"I am pleased to report that trading during 2016 was consistently strong and that we have achieved another year of record turnover. 2017 will see increases in our raw material costs primarily due to sterling weakness. However, we plan to offset such increases by improving the price we obtain for our products. Despite the uncertain macroeconomic outlook, we remain cautiously optimistic and believe we are well positioned to continue growing the business

23 Jan N+1 Singer N/A Hold
23 Jan Liberum Capital 335.00 Buy

Final results

Operational Highlights
 
·     Volume of frames installed increased by 3.2% to 288,460 (2015: 279,453)
·     Continued growth in market share to 10.2% at 31 December 2016 (2015: 9.5%)
·     Leads generated from media and on-line marketing grew by 23% to 73,686 (2015: 59,965)
·     Average unit sales price up 6.4% to £565 (2015: £531)
·     New sales offices opened in Guildford and Norwich
·     Pre-tax operating cash flow of £21.1 million (2015: £18.2 million)
·     12th consecutive year of market share growth

Few issues here.

A sign the economy is cooling. Second profit warning.

Yes the economy is cooling. However the quality of their doors is sub standard. Especially the locks.

Just like Everest. :-))

Double glazing is not what it was in the past.

:) White Gold.

Lol

Another profits warning

Safestyle UK warns on profits
StockMarketWire.com
Safestyle UK downgraded its profit guidance after demand weakened further since its results announcement in September, with sales down 0.3% by value and 6.8% by volume.

"With sales in the short month of December not helped by severe weather disruption to the planned installation programme, it is clear that fourth quarter sales will now be below our already reduced expectations," the company said.

At the same time, sales had come at an increased cost of acquisition, due to higher lead generation expense in a competitive landscape and a higher proportion being made on extended finance terms, negatively impacting margins, it added.

"As a consequence, our 2017 full year outturn (namely underlying profit before tax, before exceptional restructuring costs and share based payment charges) is now expected to be below current market expectations, at a level of least £15 million." Looking ahead, the company also lowered its expectations for the financial 2018 year, by forecasting "only modest growth in earnings".



Story provided by StockMarketWire.com

Trading Update and Directorate Change
RNS
RNS Number : 7034L
Safestyle UK PLC
23 April 2018

23 April 2018

Safestyle UK plc

("Safestyle" or the "Group")

Trading Update & Directorate Change

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, today issues an update on current trading.

In its Final Results announcement on 22 March 2018 the Group noted that the beginning of the year had been difficult with a continuing deterioration in the market resulting from declining consumer confidence. This was exacerbated by the activities of an aggressive new market entrant and it was noted that this competitor's actions were impacting the Group in certain areas of its operations, particularly in relation to its Sales and Canvass divisions. As a result, the Group's order intake in 2018 to date had been weak and its market share was under pressure.

The Board reports that, since then, the activities of this competitor have intensified and the Group has taken longer to rebuild its order intake to the rate previously anticipated and has also experienced cost increases as management takes the necessary actions to address these challenges.

The Board believes it is necessary to take a cautious approach to the prospect of further short-term disruption to the Group's operations. Therefore, the Board now expects Group revenues and underlying profit before tax for the year ending 31 December 2018 to be significantly below current market expectations with profits for the year expected to be heavily weighted to the second half.

The Board remains resolutely focused on protecting Safestyle's leading market position. Early evidence shows that the Group's Sales and Canvass teams are more effective in those locations where rebuilding has occurred. As an immediate priority, the Board is undertaking a detailed strategic review of its operations and has a number of measures in hand aimed at addressing the competitive situation and improving performance.

The Group announced in its Final Results that it was proposing a final dividend of 7.5p per share, subject to the approval of shareholders at the Annual General Meeting to be held on 17 May 2018. As a result of the revised guidance and in order to provide the Company with the strongest balance sheet from which to protect and strengthen its position, the Board believes the most responsible course of action is to preserve the Group's cash by cancelling the recommended final dividend of 7.5p per share that was due to be paid on 9 July to ordinary shareholders registered on 15 June 2018.

The Group also announces that Steve Halbert, Non-Executive Chairman, has resigned from the Board with immediate effect. Peter Richardson, an existing Non-Executive Director at Safestyle and a member of the Audit, Remuneration and Nominations Committees, has been appointed Non-Executive Chairman with immediate effect.
Peter joined the Safestyle Board in July 2016 and has extensive Board level and Non-Executive Directorship experience across a number of sectors including technology and engineering, fast moving consumer goods (FMCG) and utilities. He was a Group Board Director and Chief Operating Officer at Dyson Ltd for almost 15 years, during which time the business grew from a revenue base of £40 million to more than £1 billion. Peter's early career was spent in the sales and marketing functions of Cadbury Schweppes, Coca-Cola and Colgate Palmolive.
Peter Richardson, Non-Executive Chairman, said:

"On behalf of the Board, I would like to acknowledge the significant contribution Steve has made to the Group. He was the Group's Chairman at the time of its successful IPO in 2013 and has provided wise counsel, guidance and support to the Board over the years. We wish him the very best for the future.

"I am now looking forward to working with the Board and the executive team during what is a challenging period for the Group as it undertakes a number of actions to emerge as a stronger, fitter, more agile business."