Safestyle UK (AIM: SFE) – outperforming the market
The leading UK-focused retailer and manufacturer of PVCu windows and doors for the homeowner replacement market and a relative newcomer to AIM, having been admitted in December 2013, confirmed positive trading.
Revenue for the first half of the year is expected to be £74.0m, an increase of 6.8% on the previous year. Management also expects a continuing strong sales performance in the second half of the year and remains confident of achieving full year results in line with board expectations. Broker forecasts for 2015 are currently for pre-tax profit £17.51m, eps of 17.18p and a nice dividend of 9.78p suggesting a yield of 4% at the current share price. The trading statement confirmed that order intake grew 7.1% in the first half of the year, compared with FENSA statistics (which relate…