Year-end trading update

Momentum continues - re-rating due

Strong trading and investing for growth

Impressively strong first half update

Exceptionally strong start to the year

Moving up a gear

New management is driving an enhanced commercial focus. This was not wholly apparent in headline FY16 results, but was evident in strategic actions taken which are set to accelerate in FY17. Our sense is that the business will respond quickly to these initiatives. Eurocell’s share price has started to respond to the new corporate messaging and the delivery of profitable revenue growth is likely to attract further support.

Growing in branded building products

Eurocell floated on the London Stock Exchange earlier this year with a growth agenda driven by a number of internal initiatives. Its vertically integrated model brings enhanced margin opportunities balanced between manufacturing and distribution activities. H115 results demonstrated good profit progress consistent with management’s full year expectations.