Stelrad Group plc

Challenging targets set the scene for future growth; full-year expectations maintained

  • Sectors : Building products
  • Companies : Stelrad Group plc

Ratings and price correct at time of issue.

  • Stelrad Group plc

    Closing Price: 148p

  • RATING 11/05/23

  • PREVIOUS RATING N/A

DAVY VIEW

As part of its Capital Markets Event (CME), Stelrad has set out a number of medium-term financial targets. We believe that these cover several key areas for the group – its ambitions for future market share, further improvements to profitability and strengthened cash conversion and operational efficiency. The group has also re-affirmed its full year guidance, an impressive and encouraging feat given what have remained subdued markets.

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Nov 14 2024, 07:10 GMT

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