Stelrad Group shares plunge after revenue declines

Stelrad

17/11/2025 09:21

** UK-based manufacturer and distributor of radiators Stelrad Group SRAD.L's shares slump 11.5% to 147p

** Co says revenue for the 10 months ended October 31 are lower than prior year's levels as economic uncertainty suppresses volumes

** Says overall Repair, Maintenance, and Improvement and new build end-market activity subdued since the last half-year

** Expects FY25 adjusted operating profit within a range of 32 million pounds to 33 million pounds ($42.12 million to $43.44 million), ahead of 31.5 million pounds logged in FY24, helped by cost cuts and shift to higher margin products

** "While Stelrad expects contribution per radiator – the key measure of long-term value – to increase again this year, the weaker volume backdrop drives negative revisions to profits" - Peel Hunt

** YTD, SRAD stock has risen 7.11%

($1 = 0.7596 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))