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)
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