8 August 2025 - interim results
The specialist radiator manufacturer and distributor has announced its interim results covering the six months to 30 June and these have revealed a decline in revenues to £136.5m (2024 £143.1m) due to challenging market conditions. Subdued demand in both new build and RMI (Repair, Maintenance and Improvement) markets saw volumes decline, although this was offset to a degree by an increase in the average size of radiators supplied. The company increased its adjusted operating margin to 11.7% (2024: 11.0%) and so the adjusted operating profit increased to £15.9m (2024: £15 . . .
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