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Eurocell ( (GB:ECEL) ) just unveiled an announcement.
Eurocell plc reports that trading conditions were subdued in 2024 due to challenging macroeconomic factors and weak consumer confidence, impacting both the repair, maintenance, and improvement (RMI) and new build housing markets. Despite these challenges, the company expects profits to align with market expectations and is making progress on a five-year strategy. The company experienced a slight decline in group sales, with a 6% drop in the Profiles division and a 1% increase in the Branch Network. Eurocell is addressing cost pressures and planning price adjustments to offset anticipated National Insurance and Living Wage costs in 2025. The company successfully completed a £15 million share buyback program and appointed Stuart Livingstone as Chief Operating Officer to strengthen its leadership team.
More about Eurocell
Eurocell plc is a leading UK-based company that specializes in the manufacturing, distribution, and recycling of innovative window, door, and PVC roofline products.
YTD Price Performance: -7.60%
Average Trading Volume: 239,166
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £164.6M
Learn more about ECEL stock on TipRanks’ Stock Analysis page.
