Safestyle UK plc (AIM: SFE) – results marginally ahead and persistence pays
The window and door replacement company announced final results for the year ended 31 December 2014 marginally ahead of consensus estimates, with a reasonably confident outlook statement
Revenue was up 9% at £136.0m and underlying pre-tax profit up 10% at £16.8m. Adjusted eps, which allows for the effect of 2013 AIM admission costs and a tax settlement were 11% higher at 16.5p. Leads generated from media and internet marketing grew by 10.9% to 52,842 and the Group carried out a record 57,682 installations with volume of frames installed up 7.0% to 267,642 (2013: 250,185) The average unit sales price was up 1.6% to £504, average order value up 3.8% to £2,806 (2013: £2,704) and reported growth in market share 8.48% at 31 December 2014 from 7.85% at…