Stelrad’s AGM update confirms that year to date trading is in line with expectations, with the full year outlook reiterated. We expect a year of continued strong PBT growth of 12% despite only assuming revenue growth of 2%. This reflects continued proactive margin management and ongoing cost discipline. Stelrad confirms limited tariff exposure, with longstanding supply relationships, all of which are outside of North America. We recently initiated on Stelrad (click here), highlighting a highly a ....
