Genuit reports higher first-half revenue, profit
By Josh White
Date: Tuesday 12 Aug 2025
(Sharecast News) - Genuit Group reported higher revenue and profit for the first half of 2025 on Tuesday, maintaining its full-year outlook despite ongoing weakness in market confidence and flat volumes.
Revenue for the six months ended 30 June rose 9.3% year-on-year to £297.8m, driven by the adoption of new solutions and targeted market share gains.
Underlying operating profit increased 2.3% to £44.6m, with margins narrowing by 100 basis points to 15% amid higher costs linked to National Insurance and minimum wage increases.
Statutory operating profit rose 76.1% to £37.5m, helped by improved gross profit and lower exceptional costs.
"The group returned to top line growth in the first half of this year, outperforming a market that continues to be characterised by weak confidence and broadly flat volumes," said chief executive Joe Vorih.
"In this context, we are pleased to have delivered growth in key segments including ventilation and blue-green roofs, as well as targeted market share gains."
Vorih added that market conditions are expected to remain challenging in the second half, but margins should benefit from "price actions, cost efficiency and productivity actions already underway, supported by the Genuit Business System."
The FTSE 250 group said it expected full-year underlying operating profit to be in line with consensus.
By division, climate management solutions revenue rose 7.9% to £87.6m, supported by strong performances from Nuaire and Adey, while water management solutions grew 2.7% to £86.2m but saw margins decline due to wage pressures and an inventory provision.
Sustainable building solutions revenue was up 7.9% to £120.2m, with margins improving on productivity gains and competitor exits.
Genuit declared an interim dividend of 4.2p per share, up 2.4% on last year, and reduced leverage to 1.0 times pro-forma EBITDA.
The company said it was well positioned to benefit from regulatory changes including the Future Homes Standard, Awaab's Law and the AMP8 water company investment cycle, with opportunities in ventilation, stormwater management and sustainable building solutions.
At 1023 BST, shares in Genuit Group were down 6.99% at 359p.
Reporting by Josh White for Sharecast.com.
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