Member Article

Doncaster’s Polypipe sees homegrown growth

Doncaster-based pipe system manufacturer Polypipe plc has announced strong homegrown growth, despite European trading being down.

Revenue in the ten month period ended 31 October 2014 for the firms UK operations was 13.3% ahead on the prior year as we continued to experience strong market demand in the residential, commercial and infrastructure sectors.

For mainland Europe, revenue for the ten month period to 31 October 2014 was down 8.3% on the prior year.

The firm said that the deteriorating housebuilding market in France was a contributor.

The revenue decline over this period was 3.4% with housing starts in France, a key revenue driver for this segment, down 5.7% in the nine month period to 30 September 2014.

David Hall, chief executive, commented: “Our positive start to the year has continued into the second half with sales benefiting from a strong UK market and our initiatives to grow sales in water management and carbon efficiency.

“As a result of the continuing strong performance in our main UK market, we now expect our full year results to be at the top end of the range of market expectations”.

This was posted in Bdaily's Members' News section by Clare Burnett .