Eurocell plc returned to profit in 2021, with sales up by a third on the previous year and up almost a quarter over the pre-pandemic 2019 figure.

The group posted a pre-tax profit of £27million, against a loss of £1.5million in 2020, and representing 19% increase from £22.7 million in 2019.

Profile sales were up 22%, resulting from “ good contribution from trade and new build fabricators, as well as a very strong performance from Vista doors”

Building Plastics up 24%: “excellent performance across full range of manufactured products and traded goods”

The report also noted: “c8% from selling price increases and a surcharge implemented to recover raw material price inflation”

Capital expenditure of £16.7 million included £7 million to expand manufacturing capacity, £2 million to increase logistics capability and £2million for new branches.

Chief executive Mark Kelly said: “We entered 2021 well placed to take advantage of the continued recovery in our markets. A very good sales performance has been underpinned by the success of our commercial strategies and high levels of demand in the RMI market, and we are very pleased to report good profit growth and a return to the payment of dividends.

“We expect supply chain constraints to ease over the coming months, and the actions we took last year have ensured we have the resources necessary to operate efficiently and support our growth aspirations for revenue and margins.

“The RMI sector remains robust; new build continues to grow and customer demand levels are good. With operating constraints resolved, our focus for 2022 will be on delivering improved returns from our strong sales growth. 

“Notwithstanding the events in Ukraine and the attendant macroeconomic uncertainties, the year has started well, with sales volumes to the end of February up 6% on 2021. We therefore continue to see good potential to outperform our markets and deliver further progress.”

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