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Alumasc posts weaker revenue, profit but optimistic on prospects

ALN

Alumasc Group PLC on Tuesday maintained its interim dividend amid weaker profit, and expressed confidence in hitting its full-year expectations.

Alumasc is a Kettering, Northamptonshire-based supplier of building products for water and energy management.

The company reported £4.0 million in pretax profit for the six months that ended December 31, down 39% from £6.5 million a year earlier.

Revenue was 12% lower at £50.4 million from £57.4 million, as Alumasc noted ‘continued demand headwinds’ from Building Safety Act-related project delays and affordability.

The company also noted that its second quarter was further impacted by uncertainty caused by the Autumn budget.

Alumasc declared an interim dividend per share of 3.5 pence, flat with the prior year. The company said this reflects both its ‘strong financial position’ and continued confidence in prospects.

Looking ahead, Alumasc reported a ‘strong’ order book, with ‘growing momentum’. The company said it has a robust pipeline of future near- and medium-term UK and overseas opportunities.

Alumasc said it remains confident in hitting its expectations for the financial year to June, and ‘in the significant opportunities available over the medium and longer term’.

Shares in the company were up 2.4% at 250.76 pence on Tuesday afternoon in London.

‘As set out in October’s trading update, we have had to manage a more challenging backdrop in the first half, with underlying headwinds compounded by uncertainty ahead of the delayed 2025 Autumn Budget. Despite this, the Group has again shown its resilience and agility, enabling it to maintain its strategic progress. We have been successful in identifying opportunities to outperform in our target markets, and the management team has taken further action to deliver substantial cost savings, while continuing to invest in innovation and overseas growth,’ said Chief Executive Paul Hooper.

‘With our strong portfolio of sustainability-linked products and the medium-term prospect of market recovery, we remain well positioned to deliver substantial shareholder value.’

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