Epwin Group (EPWN)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

76.20p
   
  • Change Today:
    -0.80p
  • 52 Week High: 83.00
  • 52 Week Low: 63.00
  • Currency: UK Pounds
  • Shares Issued: 142.85m
  • Volume: 185,847
  • Market Cap: £108.85m

Epwin Group described strong start to year

By Josh White

Date: Tuesday 24 May 2022

LONDON (ShareCast) - (Sharecast News) - Building products manufacturer Epwin Group reported "strong" trading in the first four months of the year on Tuesday, with revenues to 30 April being 15% ahead of the same period in 2021.
The AIM-traded firm, which was holding its annual general meeting, said demand remained "robust", particularly from its key repair, maintenance and improvement (RMI) market.

Chairman Andrew Eastgate said material costs, particularly PVC resin, had continued to increase, mainly as a result of Russia's ongoing invasion of Ukraine.

"The group's strong relationships with its PVC resin suppliers have ensured it has been able to secure material supply," Eastgate told shareholders.

"The group continues to work with its customers to pass these costs on equitably through price increases and surcharges and remains confident in its ability to manage further cost inflation.

"The group continues to make progress in pursuing its strategic objectives, including value enhancing acquisitions, and expects to make further market share gains whilst managing the challenges that the current operating environment presents."

Eastgate said Epwin retained a "strong" balance sheet, and as at 30 April it had more than £55m of headroom on its banking facilities.

"The board remains confident of achieving its expectations in 2022, whilst mindful of the widely reported challenging macroeconomic conditions.

"Looking further ahead, the strength of the medium and long-term drivers of growth in our markets gives the goard confidence in the outlook for the group."

The UK had an "ageing and under-invested" housing stock, Andrew Eastgate said, adding that there was an increasing focus on environmental, energy efficiency and safety concerns.

"Additionally, the lockdowns of the last few years have stimulated demand for home, garden and leisure spending, alongside the desire of consumers to create workspace in the home.

"The board will update shareholders further in our half-year trading update."

At 1404 BST, shares in Epwin Group were up 4.28% at 83.43p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Epwin Group Market Data

Currency UK Pounds
Share Price 76.20p
Change Today -0.80p
% Change -1.04 %
52 Week High 83.00
52 Week Low 63.00
Volume 185,847
Shares Issued 142.85m
Market Cap £108.85m

Epwin Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.99% above the market average92.99% above the market average92.99% above the market average92.99% above the market average92.99% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
41.49% above the market average41.49% above the market average41.49% above the market average41.49% above the market average41.49% above the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average
Income
88.40% above the market average88.40% above the market average88.40% above the market average88.40% above the market average88.40% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Growth
56.20% above the market average56.20% above the market average56.20% above the market average56.20% above the market average56.20% above the market average
65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Epwin Group Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Sep-23 11-May-23
Paid 17-Oct-23 05-Jun-23
Amount 2.00p 2.55p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 15,000 @ 76.20p
16:35 8,696 @ 76.20p
16:35 5,947 @ 76.20p
16:35 357 @ 76.20p
14:59 7,087 @ 76.25p

Epwin Group Key Personnel

CEO Jonathan (Jon) Albert Bednall
Finance Director Christopher (Chris) Anthony Empson

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