Strong demand in RMI markets helped Epwin Group bring in £157.8million revenue in H1, 13% up on pre-pandemic 2019 while matching the £9.4million underlying operating profit from the same period.
The group points to PVC raw materials issues, exacerbated by supplier plant issues restricting availability and driving up the price of resin during the period but adds: “Steps have been, and continue to be, taken to recover these costs in the market in an equitable manner”
Labour availability and wage inflation also presenting some challenges, it adds.
Chief executive John Bednall summed up: “Our trading performance during the first half has been encouraging and we have continued to make good strategic progress. This has been underpinned by ongoing strong demand from our key RMI markets, together with proactive management of raw material cost inflation and supply chain issues.
We are optimistic for trading prospects in the second half and expect to make further gains in market share, whilst continuing to manage the challenges that the pandemic presents. Looking further ahead, we remain confident that we can take advantage of future opportunities, supported by the positive medium and long-term drivers for the Group’s products.”
