Mexborough: Stelrad makes positive start to year despite subdued market demand
Specialist radiator manufacturer Stelrad Group told investors that it has made a positive start to the year and traded in line with expectations.
In a statement issued at its annual general meeting, Stelrad said that, despite ongoing subdued market demand impacting volumes, Stelrad's full year outlook is unchanged from that given at the full year results on 13 March 2026.
The statement added: “Stelrad's financial performance in the year to date has benefitted from the successful continuation of our commercial and operational initiatives which have further enhanced profitability and offset market weakness.
“The robustness of the group's supply chain and inventory positions, alongside management's experience, mean that Stelrad is well placed to manage challenges that may arise due to the current events in the Middle East without disruption to margins or the ability to continue to supply our customers.
“Although we remain mindful of the potential impact of further macroeconomic uncertainty on end market demand, our progress year to date, combined with our competitive advantages of Stelrad's flexible, low-cost manufacturing footprint, outstanding customer service and unmatched product availability, underpin management's confidence in our full year expectations.”
Trevor Harvey, Chief Executive Officer of Stelrad, commented:
"This performance is a testament to our competitive advantages and the operational excellence initiatives the group has undertaken in recent years to enhance our contribution per radiator.
"We remain focused on ensuring that our operations are fully optimised and, with our strong market positions and structural tailwinds from decarbonisation, we remain confident in our ability to deliver further progress, drive market share gains, and provide long-term value for all stakeholders."
Stelrad, which employs around 200 staff at its operations in Mexborough, South Yorkshire, plans to announce its interim results for the six months ending 30 June 2026 on 7 August 2026.