17 February 2025 - trading update
The manufacturer and supplier of electrical wiring accessories has issued a trading update for the year to 31 December 2024 and this has revealed strong growth in the final quarter of the year. As a result, the company expects to deliver full year profits ahead of forecasts with revenues for the year likely to be £240m (2023: £209m) and adjusted operating profit in the region of £28.5m - £29.0m (2023: £24.0m). Previous expectations were for operating profit to be around £26.5m and so the actual figure is coming in around 10% higher . . .
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