Epwin still trading in line with expectations

(Sharecast News) - Epwin Group said in an update on Friday that trading remained in line with expectations, with revenue for the year to date up 8% compared with the same period last year. The AIM-traded building products manufacturer, which was holding its annual general meeting, noted that revenue growth had been recorded every month since September, despite ongoing economic and fiscal pressures.

It reaffirmed its guidance for full-year underlying operating profit and highlighted strategic and operational progress.

The group pointed to its broad product offering, diversified customer base, and strong supplier relationships as key factors supporting its resilience.

It also cited positive long-term market fundamentals, including the UK's housing shortage, ageing stock, and the need for energy-efficient upgrades driven by net-zero targets, all of which underpinned demand for its products.

Epwin said it was continuing to return capital to shareholders, having repurchased £9.3m of shares since November 2023.

With 0.5 million shares remaining under its current buyback programme, the company anticipated extending it, subject to shareholder approval.

The board said its strong balance sheet and cash generation supported both investment in the business and ongoing shareholder returns.

At 1219 BST, shares in Epwin Group were up 5.61% at 97.17p.

Reporting by Josh White for Sharecast.com.