Revenue and pre-tax profit have jumped at Eurocell, the manufacturer, distributor and recycler of window, door and roofline PVC building products, following “continued successful deployment of commercial strategies supported by strong underlying demand in end markets.”
According to preliminary results for the year ended 31 December 2021, revenue grew to £343.1m, up from £257.9m in 2020 and £279.1m in 2019.
Meanwhile, Eurocell posted a pre-tax profit of £27.0m for 2021, rebounding from a loss of £1.5m in 2020, and increasing from a pre-tax profit of £22.7m in 2019.
During 2021 the company opened 12 new branches, resulting in a total estate of 219 sites.
Mark Kelly, Chief Executive of Eurocell plc, said: “We entered 2021 well placed to take advantage of the continued recovery in our markets. A very good sales performance has been underpinned by the success of our commercial strategies and high levels of demand in the RMI market, and we are very pleased to report good profit growth and a return to the payment of dividends.
“We expect supply chain constraints to ease over the coming months, and the actions we took last year have ensured we have the resources necessary to operate efficiently and support our growth aspirations for revenue and margins.
“The RMI sector remains robust, new build continues to grow and customer demand levels are good. With operating constraints resolved, our focus for 2022 will be on delivering improved returns from our strong sales growth.
“Notwithstanding the events in Ukraine and the attendant macroeconomic uncertainties, the year has started well, with sales volumes to the end of February up 6% on 2021. We therefore continue to see good potential to outperform our markets and deliver further progress.”
