Stifel resumes coverage on Strix at 'buy'
7th May 2026 14:30
(Sharecast News) - Stifel resumed coverage of Strix on Thursday with a 'buy' rating and a 54p target price, stating the kettle‑controls specialist had stabilised after a difficult period and was now showing early signs of recovery, helped by improving volumes, cost savings and the completion of its recent tender offer.
Read moreBerenberg lowers target price on Strix
27th Nov 2025 07:35
(Sharecast News) - Analysts at Berenberg lowered their target price on kettle controls manufacturer Strix from 85p to 75p on Thursday following the group's trading update a day earlier, but said it continues to consider its valuation "attractive" given the medium-term outlook for the business.
Read moreStrix CEO to depart in 2026 amid debt‑cutting drive
26th Nov 2025 09:07
(Sharecast News) - Kettle safety controls manufacturer Strix revealed on Wednesday that chief executive Mark Bartlett would step down in May 2026 after nearly two decades with the firm and more than ten years in the top job.
Read moreBerenberg initiates trio of UK industrials with 'buy' ratings amid sector underperformance
27th Aug 2025 09:37
(Sharecast News) - Analysts at Berenberg initiated coverage on a number of UK capital goods and industrial engineering firms on Wednesday, noting that UK industrials have underperformed the market 11.8% year-to-date, with macroeconomic uncertainty and tariffs not helping matters.
Read moreStrix shares slide on revised profit outlook
27th Nov 2024 11:35
(Sharecast News) - Kettle safety control and water technology specialist Strix Group revised its profit forecast for the year on Wednesday, citing weaker-than-expected consumer demand in key regulated markets and ongoing macroeconomic challenges.
Read moreStrix passes three billion kettle control milestone
15th Oct 2024 10:50
(Sharecast News) - Kettle safety and water technology specialist Strix Group announced a significant milestone on Tuesday, having produced over three billion kettle controls worldwide.
Read moreStrix reports decent first half but warns of Q3 weakness
18th Sep 2024 10:07
(Sharecast News) - Kettle control and water filtration technology specialist Strix Group reported adjusted revenue of £67.2m for its first half on Wednesday, marking a 3.5% increase at constant exchange rates, though it warned of a weaker third-quarter performance.
Read moreStrix reports promising signs of kettle control market recovery
20th Jun 2024 12:44
(Sharecast News) - Kettle safety and water technology specialist Strix issued an optimistic update on Thursday, reporting promising signs of recovery in the kettle controls market as the peak season approached.
Read moreStrix posts growth in full-year revenue and operating profit
27th Mar 2024 11:22
(Sharecast News) - Strix Group reported a 35.2% jump in revenue in its 2023 results on Wednesday, to £144.6m, accompanied by an increase in gross profit to £57.2m, up 37.7%.
Read moreStrix describes challenging year, appoints new finance chief
25th Jan 2024 15:37
(Sharecast News) - Kettle safety and water technology company Strix Group said in a full-year trading update on Thursday that, despite facing persistent challenges stemming from the global economic and geopolitical landscape, it recorded adjusted profit after tax of £20.6m on a constant currency basis, and £20.1m on a reported basis for the full year.
Read moreStrix Group CFO to retire
27th Oct 2023 08:37
(Sharecast News) - Kettle safety controls group Strix Group said on Friday that chief financial officer Raudres Wong plans to step down, as it announced an agreed relaxation of its leverage covenant ratio.
Read moreShares in Strix slump on disappointing interim numbers
21st Sep 2023 11:38
(Sharecast News) - Shares in Strix Group plunged on Thursday, after the Aim-listed firm reported a slide in half-year profits.
Read moreStrix Group trading in line with guidance
4th Jul 2023 13:40
(Sharecast News) - Kettle safety and water filtration technology company Strix Group reported an improvement in trading performance in an update on Tuesday, confirming that the profit after tax for the full year was in line with market expectations.
Read moreStrix confident in recovery after tough 2022
29th Mar 2023 11:50
(Sharecast News) - Kettle safety and water technology company Strix reported a 10.5% fall in revenue in its 2022 results on Wednesday, to £106.9m, driven primarily by a reduction in its kettle controls operations due to market conditions.
Read moreStrix warns of China troubles as it completes Billi acquisition
30th Nov 2022 11:56
(Sharecast News) - Kettle safety and water technology company Strix has completed the acquisition of Billi Australia, Billi New Zealand and Billi UK, it announced on Wednesday, as it also warned of trading difficulties amid China lockdowns.
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