Stelrad 2025 revenue falls amid subdued demand in core markets

Stelrad

13/03/2026 07:11

Overview

UK radiator maker's 2025 revenue fell 3.8% amid subdued demand in core markets

Adjusted operating profit rose 3% as margin management offset lower volumes

Statutory operating profit dropped due to £14.9 mln in exceptional items, mainly impairments and restructuring

Outlook

Stelrad expects subdued market demand to continue for at least the first half of 2026

Company continues to leverage operational opportunities to optimise future growth and profitability

Board remains confident in delivering further progress during 2026

Result Drivers

MARGIN MANAGEMENT - Adjusted operating profit rose as co cited proactive margin management, cost reduction, and improved product mix

PREMIUM PRODUCT MIX - Co increased focus on higher-margin and value-added products, raising contribution per radiator and premium panel mix

Company press release: ID:nRSM4894Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 279.60 mln
FY Adjusted Net Income
GBP 16.70 mln
FY Adjusted EBIT
GBP 32.50 mln
FY Adjusted EBIT Margin
11.60%
FY EBIT
GBP 17.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Stelrad Group plc is GBp190.00, about 42.3% above its March 12 closing price of GBp133.50

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)