Safestyle overcomes subdued markets

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Double glazing firm Safestyle UK said it has entered the second half in a strong position despite subdued market conditions.

The Bradford-based group said revenue rose seven per cent to £74m in the first half of 2015 and it increased its market share from 8.5 per cent to 9.5 per cent.

CEO Steve Birmingham said: “Safestyle UK has delivered a successful first half of 2015 during which our turnover, market share and profit all increased, despite increased advertising investment.”

Safestyle is currently expanding into the South and South East from its Northern heartlands. The group reported good orders over the past few months, boosted by its new consumer finance offer.

Analyst Charlie Campbell at Liberum said: ”Our enthusiasm for Safestyle is due to its relentless market share gains, becoming leader in a fragmented market and earning premium margins and returns.”