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An announcement from Stelrad Group Plc ( (GB:SRAD) ) is now available.
Stelrad Group plc reported a strong performance for the year ending December 2024, with an adjusted operating profit slightly exceeding expectations despite macroeconomic challenges. The company achieved an 11% increase in contribution per radiator, compensating for reduced sales volumes. Stelrad maintains confidence in its future prospects due to its market leadership, customer service, and focus on sustainable heating solutions, despite subdued market conditions anticipated in early 2025.
More about Stelrad Group Plc
Stelrad Group plc is a leading specialist radiator manufacturer in Europe, offering a wide range of hydronic, hybrid, dual fuel, and electrical heat emitters. The company operates under five core brands and maintains a strong market presence in the UK, Europe, and Turkey. With a market leadership position in several countries, Stelrad serves over 500 customers across more than 40 countries.
YTD Price Performance: 4.80%
Average Trading Volume: 43,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £180.8M
For an in-depth examination of SRAD stock, go to TipRanks’ Stock Analysis page.
