Eurocell (ECEL)

Sector:

Construction and Building Materials

 270.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 288.00
  • 52 Week Low: 170.00
  • Currency: UK Pounds
  • Shares Issued: 111.74m
  • Volume: 0
  • Market Cap: £301.70m
  • RiskGrade: 145

Eurocell upbeat as market share grows

By Abigail Townsend

Date: Wednesday 11 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Eurocell, the manufacturer of U-PVC doors, windows and conservatories, said it had continued to take market share in the second half as sales climbed.
Updating investors on trading, the Derbyshire-based company said revenues for the 11 months to 30 November were up 7.0% on a like-for-like basis. Its profiles division reported underlying growth of 5%, while the building plastics arm saw growth of 8.0% on the same basis.

Gross margin was also ahead of last year, Eurocell added, "reflecting higher usage of recycled material and selling price increases implemented progressively across the business in the first half to recover cost inflation".

Eurocell conceded there were still operating inefficiencies that needed addressing. But it said Mark Hemming, who was appointed chief operating officer in August, had made an "excellent start" and was "leading our drive to improve operating efficiency".

Canaccord Genuity, which has a 'buy' rating on the stock", called the update "reassuring".

Aynsley Lammin, analyst, said: "Overall, it is a generally reassuring update with no big surprises, and after tweaking our estimates, our earnings per share forecasts remain broadly as they were. Valuation looks very attractive in our view."

Eurocell will publish full-year results for the year to 31 December on 13 March 2020.

Shares in the company were flat as at 1440 GMT, up just 0.50p at 209.50p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Eurocell Market Data

Currency UK Pounds
Share Price 270.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 288.00
52 Week Low 170.00
Volume 0
Shares Issued 111.74m
Market Cap £301.70m
RiskGrade 145

Eurocell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.97% above the market average44.97% above the market average44.97% above the market average44.97% above the market average44.97% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
57.08% above the market average57.08% above the market average57.08% above the market average57.08% above the market average57.08% above the market average
7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average
Income
31.88% above the market average31.88% above the market average31.88% above the market average31.88% above the market average31.88% above the market average
40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average
Growth
50.68% below the market average50.68% below the market average50.68% below the market average50.68% below the market average50.68% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Eurocell Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 25-Apr-19
Paid 04-Oct-19 22-May-19
Amount 3.20p 6.20p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

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