Deceuninck third-quarter sales buoyed by U.S., Turkey

Deceuninck NV

21/10/2015 06:29

BRUSSELS, Oct 21 (Reuters) - Belgian PVC window frame maker 
Deceuninck  DECB.BR  posted an 18 percent increase in sales in 
the third quarter, driven by strong markets in the United States 
and Turkey and a rebound in construction and renovation activity 
in Europe. 
    Sales in its Western European unit grew by double digits, as 
most markets started to improve with the exception of France. 
    In Central Europe sales fell, because tough competition from 
imports into Germany and a weak Russian rouble outweighed growth 
in Poland and the Czech Republic. 
    The North American market increased sales by almost a third, 
as both construction and renovation markets strengthened. 
    Sales in Turkey and emerging markets grew by 48.6 percent. 
    The group repeated its July outlook, saying it expected 
further growth of net profit in 2015, with sales trends of the 
past quarters continuing in the Oct-Dec period.  
    Overall, third-quarter sales grew 18.2 percent to 167.1 
million euros ($189.8 million). 
    Deceuninck added that it had appointed a new CFO, Wim Van 
Acker, to take over at the start of 2016. 
($1 = 0.8803 euros) 
 
 (Reporting by Robert-Jan Bartunek; editing by Philip 
Blenkinsop) 
 ((robertjan.bartunek@thomsonreuters.com; +32 2 2876850; Reuters 
Messaging: robert-jan.bartunek.thomsonreuters.com@reuters.net)) 
 
Keywords: DECEUNINCK RESULTS/