REG - Safestyle UK PLC - AGM Statement

Safestyle UKAnnouncement

18/05/2023 07:00

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RNS Number : 7992Z  Safestyle UK PLC  18 May 2023

18 May 2023

 

 

Safestyle UK plc

("Safestyle" or the "Group")

 

AGM Statement

 

Alan Lovell, Chairman of Safestyle UK plc, the leading UK focused retailer and
manufacturer of PVCu replacement windows and doors for the homeowner market,
will make the following statement at today's Annual General Meeting:

 

Our trading has remained in line with recently revised expectations outlined
at our Final Results in March.  We have maintained the price increases
enacted late last year to mitigate input cost inflation.  Recently, we have
slowed the rate of further price progression as input cost increases have
begun to moderate and we are actively managing the balance between lead
conversion/volume and price progression.

 

Investment in our strategic agenda has continued as we launched a material TV
and radio campaign across February and March and pleasingly have seen further
increases in our brand awareness which we are confident will underpin our
growth aspirations for the medium-term.

 

Beyond brand, the business continues to make progress on its other key
strategic objectives, and we look forward to providing a more detailed update
at our Interim Results in September.

 

The Group is on track with its programme to reduce its cost base and improve
margins.  The Board expects these will positively impact the underlying
performance of the business as the year progresses and consequently, guidance
for the full year remains unchanged.

 

 

Enquiries:

 Safestyle UK plc                             via FTI Consulting

 Rob Neale, Chief Executive Officer

 Phil Joyner, Chief Financial Officer

 Zeus (Nominated Adviser & Joint Broker)      Tel: 0203 829 5000

 Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 Liberum Capital Limited (Joint Broker)       Tel: 0203 100 2000

 Jamie Richards / William King

 FTI Consulting (Financial PR)                Tel: 0203 727 1000

 Alex Beagley / Sam Macpherson / Amy Goldup

About Safestyle UK plc

The Group is the leading retailer and manufacturer of PVCu replacement windows
and doors to the UK homeowner market.  For more information please visit
www.safestyleukplc.co.uk (http://www.safestyleukplc.co.uk) or
www.safestyle-windows.co.uk (http://www.safestyle-windows.co.uk) .

 

 

 

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