Revenue up at uPVC giant

Alfreton-based uPVC manufacturer Eurocell has posted a 7 per cent increase in revenue for the 11 months to 30 November, and says it is continuing to perform strongly despite incurring some operating inefficiencies.

The listed firm’s profiles division grew by 5 per cent during the period thanks to “good contributions” from new and existing accounts across its fabricator base.

Meanwhile, its building plastics division experienced like-for-like growth of 8 per cent due to the availability of better quality stock and its management team – particularly new COO Mark Hemming – driving improvements in operating standards.

The business incurred additional warehousing and distribution costs after changing its transport provider in September, but is now reviewing options to expand its warehousing capacity.

In a statement, the company added: “As previously reported, we have invested in a stock build programme to mitigate the possible impact of raw material supply interruption due to Brexit, and to increase stock holding at our branches. We have added approximately £5 million to finished goods for key product lines under the plan, which provides a good level of protection and much improved availability.

“Taken together, these factors underpin our current expectations for full year earnings.”