Polypipe Group (PLP)

Sector:

Construction and Building Materials

Index:

FTSE 250

470.00p
   
  • Change Today:
    -6.40p
  • 52 Week High: 477.00p
  • 52 Week Low: 312.80p
  • Currency: UK Pounds
  • Shares Issued: 200.00m
  • Volume: 553,860
  • Market Cap: £939.99m
  • Beta: 0.91

Polypipe H1 profit and revenue boosted by acquisitions

By Michele Maatouk

Date: Tuesday 13 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Polypipe posted a rise in first-half pre-tax tax profit and revenue as it benefited from recent acquisitions and lower cost.
In the six months to the end of June, the provider of sustainable water and climate management solutions made a pre-tax profit of £31.4m, up 4.3% on the first half of last year, while revenue grew 6.2% to £223.3m.

Operating profit was 5.1% during the half at £35.2m and the dividend was lifted 8.1% to 4p a share.

Revenue in the residential systems segment grew 8.4%, with a strong contribution from Manthorpe, which was acquired last year. Meanwhile, revenue in the commercial and infrastructure systems business was 3.4% despite "challenging markets".

Chief executive officer Martin Payne said: "The business has performed well in the first half with good revenue growth and improved margins through selective cost reductions and acquisitions. The medium-term fundamentals of our markets remain strong.

"Whilst we are mindful of current political and economic uncertainty, management continues to focus on self-help measures and together with an encouraging start to the second half, the board's profit expectations for the year remain unchanged."

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

 

Polypipe Group Market Data

Currency UK Pounds
Share Price 470.00p
Change Today -6.40p
% Change -1.34 %
52 Week High 477.00p
52 Week Low 312.80p
Volume 553,860
Shares Issued 200.00m
Market Cap £939.99m
Beta 0.91

Polypipe Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.1% below the market average82.1% below the market average82.1% below the market average82.1% below the market average82.1% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
82.18% above the market average82.18% above the market average82.18% above the market average82.18% above the market average82.18% above the market average
94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average
Income
27.63% below the market average27.63% below the market average27.63% below the market average27.63% below the market average27.63% below the market average
80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average
Growth
28.22% below the market average28.22% below the market average28.22% below the market average28.22% below the market average28.22% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Polypipe Group Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 18-Apr-19
Paid 20-Sep-19 29-May-19
Amount 4.00p 7.90p

Trades for 19-Nov-2019

Time Volume / Share Price
16:35 98,409 @ 470.00p
16:29 357 @ 468.00p
16:29 41 @ 467.60p
16:29 242 @ 467.40p
16:29 295 @ 467.40p

Polypipe Group Key Personnel

CEO Martin Payne
COO Glen Sabin
CFO Paul James

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