REG - Titon Holdings PLC - AGM Trading Update

Titon HoldingsAnnouncement

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RNS Number : 2205X  Titon Holdings PLC  19 March 2026

LEI: 213800ZHXS8G27RM1D97

19 March 2026

 

Titon Holdings Plc

 

AGM Trading Update

 

Full year performance anticipated to be in line with Board expectations

Titon Holdings plc ("the Group"), is holding its Annual General Meeting
("AGM") at 10am today at the Group's premises at Falconer Road, Haverhill, CB9
7XU. In connection with the AGM, the Group provides the following trading
update for the period from 1 October 2025 to 18 March 2026. The Group's
current financial year is to 30 September 2026 ("FY26").

Group revenue for the six months ending 31 March 2026 is expected to be
approximately 3% ahead of the same period in the prior year.

The Mechanical Ventilation Systems business unit has continued to deliver
strong double-digit revenue growth. As noted at the time of the Group's FY25
final results, the Group saw some product mix and margin effect from building
safety regulatory bottlenecks which reduced early-stage construction activity
in the first half, but the business remains well positioned to expand margins
as project starts resume.

In the UK residential construction and fenestration markets, which
particularly affect our Window and Door Hardware business, softer demand
conditions persisted during the second quarter and, as a result, the Group
expects FY26 sales in this unit to decline year on year. However, operational
initiatives have supported margins, and we continue to strengthen product
competitiveness, service quality and commercial execution which should benefit
the Group as market activity improves.

While first-half performance was softer than expected, reflecting subdued
conditions in the UK construction and fenestration markets, the Board
anticipates a stronger second-half weighting to FY26. This outlook is
supported by the ongoing easing of building safety regulatory constraints, and
the conversion of a growing pipeline of recent project wins into higher-value
Mechanical Ventilation system revenues.

Accordingly, the Board continues to expect the Group to achieve full year
revenue and profits in line with its expectations.

Further details on trading for the period to 31 March 2026 will be provided
with the publication of the Group's interim results on 30 April 2026.

 

For further information please contact:

 Titon Holdings Plc                             Tel: +44 (0)1206 713800

 Tom Carpenter, Chief Executive
 Carolyn Isom, Chief Financial Officer

 Shore Capital - Nominated Adviser and Broker   Tel: +44 (0)20 7408 4090

 Daniel Bush

 Tom Knibbs

 

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