Alumasc, the Kettering-based sustainable building products, systems and solutions group, has hailed a “significant outperformance of UK construction markets” in a trading update for the year ended 30 June 2024.
The Group expects organic revenue growth for the year to be around 6.5%, outperforming the 2% decline in overall UK construction activity.
Underlying profit before tax (UPBT), meanwhile, is now expected to be at least £12.6m, ahead of current market forecasts and the prior year (£11.2m).
Paul Hooper, Chief Executive of Alumasc, said: “Against such a challenging commercial market backdrop, I am delighted with the Group’s strong performance, which is testament to our robust business model and the significant progress we have made in delivering against our strategic aims.
“We are optimistic that our growth strategy, with a focus on environmentally sustainable solutions, new product development, investment in capability and ongoing self-help initiatives will drive further strong growth in returns as market conditions improve.”
