Safestyle has announced results for the year ended 31 December 2017. Performance for FY17 is in line with our forecasts with revenue and adjusted PBT down 0.6% and 26.6% respectively. This decline reflects a weaker market backdrop, with FENSA data showing a 9% decline in installations YOY, as well as increased competitive pressures. Additional cost headwinds in the form of door canvass and digital lead generation costs, finance subsidies and raw material price inflation have impacted profitab
22 Mar 2018
Full Year Results
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Full Year Results
- Published:
22 Mar 2018 -
Author:
Andy Hanson -
Pages:
11
Safestyle has announced results for the year ended 31 December 2017. Performance for FY17 is in line with our forecasts with revenue and adjusted PBT down 0.6% and 26.6% respectively. This decline reflects a weaker market backdrop, with FENSA data showing a 9% decline in installations YOY, as well as increased competitive pressures. Additional cost headwinds in the form of door canvass and digital lead generation costs, finance subsidies and raw material price inflation have impacted profitab