StockMarketWire.com - Eurocell reported a fall in profits as it struggled to cope with a surge in demand that impacted its manufacturing operations and led to increased costs.

For 12 months ended 31 December, reported profit before tax fell 7% to £22.1m and revenue was up 13% to £253.7m.

Adjusted earnings (EBITDA) fell 4% to £30.3m for the year.

The company said it had already taken action with investments in progress to expand production capacity and improve manufacturing efficiency.

'Looking ahead, our focus for 2019 would be on completing these investments and on implementing selling price increases,; the company said.

'We have made a good start, with sales and margins for the first two months in line with expectations, and notwithstanding macroeconomic and political uncertainty, remain confident about the outlook for the year. '


At 8:29am: [LON:ECEL] Eurocell Plc share price was 0p at 234p



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