Polypipe says on track to deliver against expectations
Source - SMW
Polypipe Group said it was on track to meet its financial performance expectations for the full year.
Revenue for the ten months ended 31 October 2017 was 8.2% higher than the prior year at £400.6m, the company said.
On a like-for-like basis, revenue was up 7.1%.
""Whilst the UK new housebuild market continues to perform well helped by increasing demand for our water management and attenuation products, commercial, infrastructure and RMI markets remain challenging," chief executive Martin Payne said.
"Against this backdrop, the group continues to deliver strong organic growth ahead of the overall UK construction market, demonstrating the resilience of its balanced exposure to the different sectors within that market."
"Whilst we remain vigilant in the face of continued political and economic uncertainty, we believe the group is well placed to achieve management expectations for the full year."