Sales have dipped at Eurocell plc, the manufacturer, recycler and distributor of window, door and roofline PVC products.
According to a trading update for the year ended 31 December 2023, at £365 million sales were down 4% on an “exceptionally strong 2022 comparative period.”
Eurocell noted: “Trends reported at our half year results in September continued for the remainder of 2023, with some further modest weakening in our key markets. Repair, maintenance and improvement (RMI) activity continues to be impacted by low consumer confidence and higher costs of living.
“The ongoing steep decline in new build activity reflects successive interest rate rises and falling house prices, with house builders reducing build rates in anticipation of falling sales.
“Against the challenging market backdrop, we have delivered some resilience in the Group’s sales performance for the year. We continue to focus on closely managing cost and cash flow and, as expected, have seen some easing of input cost pricing in H2.”
Despite these challenges, the business anticipates underlying profit before tax to be in line with market expectations.
