When we initiated on Polypipe in January, we stressed the importance of the Group’s balanced exposure to the UK construction market. This is emphasised in the FY17 results and the outlook for FY18 with residential new build still looking strong and RMI and some areas of commercial less positive. We remain of the view that PLP can generate consistent growth ahead of the market, driven by plastic piping substitution for legacy materials and legislation (water management; energy efficiency
20 Mar 2018
Results in line; balanced exposure will help FY18
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Results in line; balanced exposure will help FY18
Genuit Group PLC (GEN:LON) | 432 -6.5 (-0.3%) | Mkt Cap: 1,078m
- Published:
20 Mar 2018 -
Author:
Jon Lienard -
Pages:
3
When we initiated on Polypipe in January, we stressed the importance of the Group’s balanced exposure to the UK construction market. This is emphasised in the FY17 results and the outlook for FY18 with residential new build still looking strong and RMI and some areas of commercial less positive. We remain of the view that PLP can generate consistent growth ahead of the market, driven by plastic piping substitution for legacy materials and legislation (water management; energy efficiency