StockMarketWire.com - Safestyle UK said it has continued to trade well, with revenue for the year rising 9.5% to about GBP148.9m, from GBP136.0m.

In addition, profit before tax has shown good progress and is anticipated to be in line with consensus market expectations.

The expected strong performance in the second half saw double digit growth in both sales and profit.

Against the backdrop of a weaker market in 2015, the successful rollout of Safestyle's enhanced consumer finance offer helped to drive growth in the year, particularly in the second half.

As expected, operating margins will show some decline in the second half as a result of the additional subsidy costs related to this offer. The Company has continued to increase market share from 8.48% as at 31 December 2014 to 9.46%2 as at 31 December 2015, according to FENSA data. That data shows an overall market contraction for 2015 of 6.6%.

The company's growth is also reflected in the increase in frames manufactured during the year, up 4.4% to 279,453 (2014: 267,642 frames), whilst the number of installations increased 4.3% to 60,134 (2014: 57,682). The order book at the year-end was 1.2% up on prior year.

Cash flow has continued to be strong and Safestyle ended the year with cash of £16.5 million (31 December 2014: £8.5million).



Story provided by StockMarketWire.com