StockMarketWire.com - Safestyle UK said, ahead of its H1 results, that it has continued to trade in line with its enhanced expectations for the current year.

Order intake in the first half was up 19.7% on prior year, which was expected to deliver H1 sales revenue of £83.5 million, an increase of 12.8% (H1 2015: £74.0 million).

FENSA statistics showed the company had increased its market share year on year to 10.0% from 9.5%. "During the first half of the year our order book increased significantly and we will benefit from a controlled release of some of this increase in the second half," the company said. Cash flow has continued to be strong and we had net cash of £23.6 million at 30 June 2016 (30 June 2015: £14.9 million).

CEO Steve Birmingham commented: "We are very pleased with our performance in the first half of this year. Whilst the longer term impact of the referendum decision on the broader economy remains to be seen, there has been no short term detrimental effect on our order intake.

"The Company has a proven successful model, with a growth strategy underpinned by a combination of our expanded product range, attractive promotional finance package, continued geographic expansion and financial strength.

"As a result, the Board remains confident in our ability to continue to outperform the market and achieve full year results in line with management expectations."






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