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Epwin Group YTD trading 'strong' amid solid RMI demand
25th May 2021 12:49
(Sharecast News) - Building products manufacturer Epwin Group said on Tuesday that year-to-date trading has been "strong", with demand from its key markets continuing to be high.
Epwin said revenues for the first four months of the year were 56% ahead of 2020, which included the first lockdown period, and 9% ahead of 2019, predominantly driven by demand from the repaid, maintenance and improvement market.
The AIM-listed group did note that supply chains continued to be under pressure from both high market demand and shortages from global events and supplier issues. As a result, raw material prices increased further, leading it to take steps to mitigate through price increases and surcharges.
"The outlook for the current year continues to be favourable, notwithstanding the raw material cost inflation and supply chain issues, which we are managing proactively," said Epwin.
"The medium and long-term drivers for the group's markets also remain positive, with a shortage of housing, an ageing and underinvested housing stock, as well as environmental and safety concerns driving legislation and initiatives that will require improvements to homes on a larger scale than just essential maintenance."
As of 1355 BST, Epwin shares were flat at 107.0p.
Epwin said revenues for the first four months of the year were 56% ahead of 2020, which included the first lockdown period, and 9% ahead of 2019, predominantly driven by demand from the repaid, maintenance and improvement market.
The AIM-listed group did note that supply chains continued to be under pressure from both high market demand and shortages from global events and supplier issues. As a result, raw material prices increased further, leading it to take steps to mitigate through price increases and surcharges.
"The outlook for the current year continues to be favourable, notwithstanding the raw material cost inflation and supply chain issues, which we are managing proactively," said Epwin.
"The medium and long-term drivers for the group's markets also remain positive, with a shortage of housing, an ageing and underinvested housing stock, as well as environmental and safety concerns driving legislation and initiatives that will require improvements to homes on a larger scale than just essential maintenance."
As of 1355 BST, Epwin shares were flat at 107.0p.