REG - Epwin Group PLC - AGM Trading Update

EpwinAnnouncement

23/05/2025 07:00

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RNS Number : 8748J  Epwin Group PLC  23 May 2025

23 May 2025

 

 

Epwin Group Plc

 

AGM trading update

 

Trading in line with the Board's expectations with revenues ahead of prior
year

 

Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer
of energy efficient and low maintenance building products, with significant
market shares, supplying the Repair, Maintenance and Improvement ("RMI"), new
build and social housing sectors announces that the Company's Chairman,
Stephen Harrison, will make the following statement in respect of current
trading at today's Annual General Meeting:

 

"Current trading remains in line with the Board's expectations, with revenues
continuing to exceed prior year comparatives, as they have done each month
since September 2024. Year to date revenues are 8% ahead of prior year.

 

"Despite ongoing economic and fiscal headwinds, the Board remains confident in
delivering underlying operating profit for the year in line with its
expectations, while continuing to make further strategic and operational
progress.

 

"The Group's broad product range, diverse customer base and well invested
operations, together with longstanding supplier relationships and a strong
balance sheet, continue to underpin the resilience of its business model and
ability to navigate market conditions effectively.

 

"The medium to long-term drivers of the Group's end markets remain positive.
The UK continues to face a shortage of new and affordable homes, with the
Government committed to increasing housing supply. At the same time, UK
housing stock is ageing, poorly maintained and underinvested, alongside
growing concern about the quality of social housing and private rental
properties.

"Net zero is driving the need to decarbonise the UK housing stock and
improve the energy efficiency of homes, with the Group well-positioned to
support actions being undertaken to address these issues through its product
offering.

"Epwin continues to implement its share buyback programme, which has returned
£9.3 million to shareholders since November 2023, alongside distributions
made under its ongoing dividend policy. The current buyback programme has 0.5
million shares remaining and it is envisaged that, subject to shareholder
approval at today's AGM, the current programme will continue until such time
as the maximum 5 million shares are repurchased. The Group's strong cash
generation and robust financial position has enabled it to continue growing
shareholder returns, whilst continuing to invest in the business and
undertaking acquisitions.

 

"The Board looks forward to updating shareholders further in our half year
trading update in the summer."

Contact information

 Epwin Group Plc                                     07885 447944

 Jon Bednall, Chief Executive

 Chris Empson, Group Finance Director

 Shore Capital (Nominated Adviser and Joint Broker)   0207 408 4090

 Corporate Advisory

 Daniel Bush / Harry Davies-Ball

 Corporate Broking

 Fiona Conroy

 Zeus Capital Limited (Joint Broker)                 0203 829 5000

 Dominic King / Nick Searle

 MHP                                                 07885 447944

 Reg Hoare / Matthew Taylor / Finn Taylor            epwin@mhpgroup.com

 

 

About Epwin

Epwin is the leading manufacturer of energy efficient and low maintenance
building products, with significant market shares, supplying the Repair,
Maintenance and Improvement ("RMI"), new build and social housing sectors.

 

The Company is incorporated, domiciled and operates principally in the United
Kingdom.

 

Information for investors can be accessed www.epwin.co.uk/investors/
(https://protect.checkpoint.com/v2/___http:/www.epwin.co.uk/investors/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpmMjdlNzdmZTU0NDUzODc2ZjhiMGM0ZGYxNDdkNmRlNTo2OmJkYzY6OTJmMTJiNTk5NDE4ZGY1Nzk1N2IzYTMxZjI0N2JjNWM5ZjQ5NDFmOWJkNGQ0NGJmMjg0ODI1M2IzYzQyOGM0ZjpwOkY6Tg)

 

 

 

 

 

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