Profits jump at Eurocell

Alfreton-based window and door supplier Eurocell has posted a rise in both revenues and profits for the year-ending 31st December 2015.

Eurocell, which recently bought PVC-U manufacturer Vista Panels saw revenues rise to nearly 176m, a rise of 1.6 per cent, whislt profits jumped to £23m – a hike of 29 per cent.

Bob Lawson, chairman of Eurocell, said: “I am delighted to report a strong performance for our first full set of results as a listed company. Notwithstanding market conditions that have remained challenging throughout the year, we have reported higher revenues and, as a result of the cost and efficiency measures we have taken, profits that are well ahead of last year. We have also made firm progress with all of our strategic priorities – product innovation, expansion of our branch network and the acquisition of S and S Plastics.

Eurocell closes £7m acquisition of door manufacturer

“Looking forward, the new financial year has started positively. Whilst we are not anticipating a significant improvement in the markets we serve in the near term, we believe that our strategy combined with the proven capabilities of the company will enable Eurocell to continue to deliver significant value to customers and shareholders in the current year and beyond.”