AIREA (AIEA)

Sector:

Household Goods

Index:

FTSE AIM All-Share

 29.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 34.50
  • 52 Week Low: 22.00
  • Currency: UK Pounds
  • Shares Issued: 41.35m
  • Volume: 0
  • Market Cap: £11.99m

Airea flying as overseas flooring sales soar

By Duncan Ferris

Date: Friday 17 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Commercial flooring firm Airea saw its shares rocket on Friday after it reported an increase in first-half revenues after new product launches boosted the company's sales and orders.
For the six months ended 30 June, revenue increased by 12% to £9.1m and profit before tax from continuing operations jumped 18% to £1.3m, helped by a 30% jump in international sales due to new product releases, better market penetration and distribution network improvements.

Chairman Martin Toogood said: "We are pleased by the progress we have made in driving sales growth in the ongoing commercial flooring operation with a strengthening portfolio of products. Sales growth in our markets requires hard work and commitment over a sustained period of time, and we remain determined to build on the progress made."

The company also saw order book growth and an increase in UK sales, attributed again to the introduction of new products.

However, loss-making subsidiary Ryalux is to be closed, following an announcement in March that it would enter a formal consultation period after several unsuccessful attempts to stimulate the brand's sales.

"Uncertainties remain, including the outcome of Brexit negotiations; however, as a UK manufacturer with a strengthening position in the UK and internationally, we are well placed to mitigate risks and take advantage of growth opportunities," said Toogood.

At 30 June, Airea had cash and cash equivalents of £2.4m, up 4% from the same point last year, and maintained an unaltered interim dividend of 1.75p per share.

Airea's shares were up 15.60% at 63.00p at 0909 BST.

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AIREA Market Data

Currency UK Pounds
Share Price 29.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 34.50
52 Week Low 22.00
Volume 0
Shares Issued 41.35m
Market Cap £11.99m

AIREA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.07% above the market average71.07% above the market average71.07% above the market average71.07% above the market average71.07% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Trend
25.16% above the market average25.16% above the market average25.16% above the market average25.16% above the market average25.16% above the market average
4% below the sector average4% below the sector average4% below the sector average4% below the sector average4% below the sector average
Income
20.05% above the market average20.05% above the market average20.05% above the market average20.05% above the market average20.05% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
6.4% below the market average6.4% below the market average6.4% below the market average6.4% below the market average6.4% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

AIREA Dividends

  Latest Previous
  Final Final
Ex-Div 18-Apr-24 20-Apr-23
Paid 20-May-24 18-May-23
Amount 0.55p 0.50p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

AIREA Key Personnel

CEO Mederic Payne

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