|
Stelrad Group PLC on Friday announced that its revenue fell less sharply in 2025 than in the first half of the year amid an improvement in volumes in the second half. The Newcastle upon Tyne, England-based producer of radiators said revenue was £280 million in 2025, down 3.6% from £290.6 million in 2024. The company said this reflected small improvement in volumes in the second half compared to the first half. In August, it had reported a 4.6% decline in revenue to £136.5 million in the first half of 2025, from £143.1 million a year prior. The company said it continues to assess opportunities to improve its competitive position and operational efficiency. It added that it restructured its Danish business which ‘will further enhance future operational margins.’ Stelrad said: ‘There was encouraging progress in a number of key markets. The group also successfully implemented further proactive margin management and cost reduction activities across its manufacturing sites, resulting in a further improvement in our contribution per radiator key performance indicator for the eighth consecutive year.’ The firm added: ‘Although there remains a level of uncertainty around the timing of the wider market recovery, with RMI and new build activity remaining subdued, the group’s margin management initiatives undertaken in 2025, alongside the continued delivery against the group’s strategic growth drivers, provide a robust platform for further progress during 2026. ‘Stelrad’s leading market position, sustainable competitive advantages and ongoing focus on operational excellence give the board confidence in the group’s long-term positioning while structural growth drivers continue to underpin demand for higher-margin, higher added value products.’ Stelrad intends to publish the 2025 results on March 13. Stelrad shares rose 2.0% to 140.25 pence each on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
