Safestyle’s sales and profits rise

SAFESTYLE, the retailer and manufacturer of PVCu windows and doors, today revealed that its full year revenues and profits are expected to be in line with management expectations.

The company has provided a trading update for the year ended December 31 2013.

Revenue for the year was in excess of £124m, in line with management’s expectations, an increase of more than 12 per cent on the previous year. Profits for the year are also expected to be in line with management’s expectations. The company has continued to increase its market share during the year to 7.85 per cent, from 7.49 per cent the previous year, and the company was pleased to note that the overall market grew by 4.5 per cent, according to FENSA, its first year of growth since 2007.

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Manufacturing increased during the year, with 250,185 frames produced during the period, compared with 232,687 frames in 2012, while the number of installations increased by 9.4 per cent to 55,112.

The company said: “The order book at the year end was strong and order intake in the first three weeks of 2014 has got off to a positive start exceeding management expectations.”

The company will announce its audited results for the year ended December 31 2013 on March 31 2014.

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