UK's Alumasc Group FY26 revenue falls on weaker Water Management performance
UK's Alumasc Group FY26 revenue falls on weaker Water Management performance
Overview
UK sustainable building products supplier's FY26 revenue fell 6% amid subdued commercial demand
Housebuilding Products division grew revenue 16% despite weak UK housebuilding market
Outlook
Alumasc says FY27 has started positively, with revenue up 5% year-on-year in first two months
Company order book at 31 Aug 2026 up 56% on prior year
Board expects improved FY27 margins, supported by restructuring and operational improvements
Result Drivers
HOUSEBUILDING PRODUCTS GAINS - Division grew revenue 16% in a weak market, driven by market share gains, product innovation and strong customer service
WATER MANAGEMENT DECLINE - Revenue fell 16% due to non-recurrence of CLK Airport project and subdued UK demand, partially offset by export growth
RESTRUCTURING SAVINGS - Efficiency measures in Water Management delivered £1.3m annualised overhead savings in FY26
Company press release: ID:nRSO7137Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted Pretax Profit |
| GBP 10 mln |
|
FY Adjusted EBIT Margin |
| 10.50% |
|
FY Pretax Profit |
| GBP 9.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for Alumasc Group PLC is GBp344.00, about 44.8% above its September 14 closing price of GBp237.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)