Source - SMW
Eurocell said trading in the second half had been solid and its expectations for the full year were in line with consensus forecasts.

Eurocell said it continued to deliver good sales growth, particularly in new build, despite an RMI market that remained subdued.   An update said: 'In the Profiles division, we continue to build our prospect pipeline. Sales have started to come through from the customers who have recently moved onto our product systems, with more new accounts contracted for next year.

'In the Building Plastics division, trading in the expanding branch network is robust, albeit like for like growth rates are slightly below the first half.

'We continue to mitigate the increasing cost inflation we are seeing for resin, other raw materials and traded goods through selling price increases; however there remains a time lag in capturing the benefit. 

'We continue to manage our underlying operating costs tightly, whilst progressing further our strategic priorities and investing in business expansion.'

Eurocell  said it had made good progress with its key strategic initiatives, which include:
-   Recycling - use of recycled material in manufactured products increased as anticipated. Expected to be at 17% by year end (2016: 14%)

-    Branch network - 31 new branches in 2017, with 16 new sites in the second half, resulting in a total estate of 190 branches by year end

-   Acquisitions - integration of Security Hardware now complete

It added: 'Overall, whilst the trading environment remains challenging, we are delivering successfully on our strategy and taking market share.'