Profits up at Eurocell despite ‘sluggish’ repair, maintenance and improvement market
Eurocell, the Alfreton-based windows, doors and extrusions manufacturer has posted a rise of pre-tax profit – despite a dip in revenues.
The company made a surplus of £13.8m last year – a rise of 18%, while revenues dropped by 2% to just under £358m.
Eurocell said the performance was driven by “proactive gross margin management and reduced input costs”.
The results come after Eurocell bought Alunet in a £29m deal, which it says is a “compelling strategic fit”
Darren Waters, chief executive, said: “Our financial performance in 2024 was resilient, in the context of trading conditions that remained challenging.
“We invested to generate momentum with our strategy, and I am pleased with the good early progress we have made across a broad range of initiatives. The recent acquisition of Alunet is a compelling strategic fit for Eurocell: it addresses a growing trend towards aluminium fabrication across the fenestration sector, significantly strengthens our position in composite doors, and adds aluminium garage doors to our home improvement product portfolio.
“Demand in our core RMI market remains sluggish. We have seen some early signs of an improving picture in new build housing, albeit from a very low base. We will therefore continue to focus on cost reduction and operational improvements to drive efficiencies, to mitigate against the impact of a slower market recovery. We are confident in delivering another year of good progress in 2025, as we continue to execute on our growth strategy. The medium and long-term growth prospects for the UK construction market remain attractive and we are well positioned to drive sustainable growth in shareholder value.”
