Safestyle has announced this morning that its end market has continued to deteriorate since it updated the market back in July (18th). Latest FENSA data shows a continued decline in installations which are down 18% in June and July vs 2016. Safestyle has continued to outperform this metric, growing its market share, although this has resulted in material additional costs which have adversely impacted margins. We update our forecasts following this update to reflect the more difficult market e
08 Sep 2017
Market has continued to deteriorate
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Market has continued to deteriorate
- Published:
08 Sep 2017 -
Author:
Andy Hanson -
Pages:
7
Safestyle has announced this morning that its end market has continued to deteriorate since it updated the market back in July (18th). Latest FENSA data shows a continued decline in installations which are down 18% in June and July vs 2016. Safestyle has continued to outperform this metric, growing its market share, although this has resulted in material additional costs which have adversely impacted margins. We update our forecasts following this update to reflect the more difficult market e