Epwin Group grows market share

The Epwin Group has reported continuing growth in market share.

Publishing its Annual Report and Financial Statements for 2008, the company said against a backdrop of a 20% contraction in window and door markets, the Group continued to perform strongly.

Turnover for 2008 was £188.5m – 4% down on last year – with an operating profit before goodwill of £5.7m, down from £10.2m last year.

Investment in capital expenditure of £4.7m, including product research and development, was consistent with last year. The group also claimed that it reduced net debt by £10.9m.

Jim Rawson, chairman, Epwin Group said: “The challenges that exist within construction are well chronicled. Clearly no business is immune from these wider economic forces, however, we have continued to perform strongly, increasing market share ... Delivering a substantial reduction of Group debt by £10.9m has strengthened our financial foundation. From this platform we continue to build, maintaining capital investment at £4.7million.

“We also remain at the forefront of technical innovation within the industry leading the drive to make pvcu more sustainable through our recycling business and re-processing plant – a unique facility in the UK.

www.epwin.co.uk
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