Mar 26 2025
Industrials
Recent Research
Volution, That healthy air of earnings upgrades
Mar 20 2025
SigmaRoc plc, Positive start to 2025
Mar 17 2025
Meet your Industrials Research team
Vistry Group
Closing out a very challenging year
2024 was a year to forget for Vistry. The group issued three profit warnings in the final quarter and specifically highlighted significant cost issues in its South Division. Final results...
Holcim
Financial objectives set for soon-to-be spun-out Amrize
The announcement of Amrize’s financial objectives confirm that it will pursue growth in the coming years – by contrast, we expect that Holcim RemainCo will balance growth and...
Bellway plc
Remains on track for a year of good profit growth
Bellway has announced interim results consistent with its recent trading update. Full year guidance is also unchanged, and the group remains on track to deliver decent profit growth....
Volution
That healthy air of earnings upgrades
The transformative acquisition of Fantech has not distracted Volution from business as usual: recent interim results have prompted another chunky upgrade to financial estimates. While...
Marshalls
No changes expected to headline forecasts as revenue trends improve
Marshalls held its adjusted profit before tax steady in 2024 despite further downward pressure on revenues. With revenue trends more encouraging, the current expectation is for a...
SigmaRoc plc
Positive start to 2025
Important milestones are being delivered on by SigmaRoc. 2024 earnings have come in modestly ahead, disposals are transacting at accretive multiples and the synergy programme is...
Berkeley Group
Guidance reaffirmed for FY25 and FY26
Berkeley has reaffirmed earnings guidance to deliver ‘at least’ £975m of pre-tax profit across FY25 and FY26. Enquiries are at a ‘consistently good’ level, while the sales rates...
Kingspan Group
Short-term results benefiting from long-term thinking
Kingspan is well set up to deliver another year of progress in 2025. The stock has responded positively to recent results, which pointed to good momentum entering the year. As ever...
Volution
Good earnings upside following impressive interim results
Once again Volution has announced an impressive set of results. The results, which cover the six months to end-January, indicate that the group continues to increase earnings while...
Glenveagh Properties
Confident in another year of high growth
After a year of exceptional profit growth in 2024, the business has significant visibility to deliver a further double-digit growth in EPS in 2025. Glenveagh is not just well positioned in...
