The company has announced a strategic update on Levolux, following the group’s trading update on 14 June, with a consultation process now announced to its staff. Levolux accounts for c.20% of group revenue providing architectural screening, solar shading and balcony products. Trading has been challenging of late and results volatile. We welcome this restructuring and refocusing – a positive strategy to reduce lower margin activities, optimise resource utilisation as well as greate
28 Jun 2019
Alumasc - Levolux strategy update and restructuring
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Alumasc - Levolux strategy update and restructuring
Alumasc Group plc (ALU:LON) | 172 0 0.0% | Mkt Cap: 62.3m
- Published:
28 Jun 2019 -
Author:
David Buxton -
Pages:
3
The company has announced a strategic update on Levolux, following the group’s trading update on 14 June, with a consultation process now announced to its staff. Levolux accounts for c.20% of group revenue providing architectural screening, solar shading and balcony products. Trading has been challenging of late and results volatile. We welcome this restructuring and refocusing – a positive strategy to reduce lower margin activities, optimise resource utilisation as well as greate