Safestyle has announced interim results for the six months ended 30 June. Revenue of £60.5m is down 27% YOY reflecting previously reported significant business disruption experienced in H1 due to the actions of aggressive new market entrant SafeGlaze UK. The Group sought a court injunction to counter these actions with a settlement announced earlier this month (3rd September). Cost pressures have resulted in a 930bps YOY decline in gross margin, delivering a loss before tax of £5.
20 Sep 2018
Interim results
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Interim results
- Published:
20 Sep 2018 -
Author:
Andy Hanson -
Pages:
11
Safestyle has announced interim results for the six months ended 30 June. Revenue of £60.5m is down 27% YOY reflecting previously reported significant business disruption experienced in H1 due to the actions of aggressive new market entrant SafeGlaze UK. The Group sought a court injunction to counter these actions with a settlement announced earlier this month (3rd September). Cost pressures have resulted in a 930bps YOY decline in gross margin, delivering a loss before tax of £5.