Eurocell (#ECEL) – H1 adj. EPS +2% to 6.1p, DPS +9% to 2.5p, “expect to make further progress this year”

Eurocell – “Trading Update”, how’s its previous “planning to deliver further progress in 2026” looking now?…

Most recently on company describing itself as “the leading UK manufacturer and distributor of window and door products to the trade” Eurocell (ECEL), in March with the shares at 112p I wrote “planning to deliver further progress in 2026”, but it was also ‘planning’ to do so in 2025 as even adjusted pre-tax profit fell. What about now a “trading update” on 2026?

Eurocell (#ECEL) – notes macro backdrop consumer confidence and new build housing market activity impact, but near-term effect still “difficult to assess”

Eurocell (#ECEL) – to appoint current FD of Travis Perkins General Merchant, Matt Worster, as CFO

Eurocell – “planning to deliver further progress in 2026”, but it was also ‘planning’ to do so in 2025…

Self-described “leading UK manufacturer and distributor of window and door products to the trade”, Eurocell (ECEL) has announced its results for the 2025 calendar year including emphasising “resilient financial performance” and that it is “planning to deliver further progress in 2026”. What about a current 112p share price in response?

Eurocell (#ECEL) – 2025 adj. EPS +1% to 14.6p, DPS +5% to 6.4p, “demand in the RMI market remains sluggish”

Eurocell (#ECEL) – H1 adj. EPS +7% to 6p, DPS +5% to 2.3p, “full year outlook below previous expectations”

Eurocell – “Trading Update” is a profit warning which dare not speak its name

UK window, door and roofline products company Eurocell (ECEL) has issued a “Trading Update” including “there are some signs of an improving picture in new build housing” and that its “balance sheet is strong and the actions we have taken, including those on costs and cash flow, position us well to benefit when our end markets fully recover”. So what of the shares, already down from above 170p at the start of the year, currently a further more than 7% lower at 147p in response?

Eurocell (#ECEL) – four months underlying sales “level with 2024”, warns now expects core business FY adj. PBT “to show nominal improvement over 2024”

Eurocell (#ECEL) – 2024 adj. EPS +31% to 14.4p, DPS +10% to 6.05p, “confident in delivering another year of good progress in 2025”

Eurocell (#ECEL) – acquisition of home improvement products business Alunet for £29m and up to a further £6m

Eurocell (#ECEL) – 2024 sales -2%, expects adj. PBT “in line with market expectations”

Eurocell – a buy for trading recovery?...

UK manufacturer, recycler and distributor of PVC window, door and roofline products Eurocell plc (ECEL) last month noted “ongoing macroeconomic uncertainty impacting our key markets, exacerbated by wet weather and the General Election. Customers remain cautious, resulting in lower investment in home improvements and subdued activity levels in the residential construction market”. However, the accompanying results suggest likely further strong eventual recovery upside from a 177p offer price.

Eurocell – interims, financial progress and well positioned for macroeconomic improvement?

Window, door and roofline products company Eurocell (ECEL) has announced results for the first half of 2024 headlined “Increased first half profits; full year expectations unchanged; good early momentum with strategic initiatives”. How does the detail compare to an around 150p share price?

Eurocell (#ECEL) – H1 adj. EPS up to 5.6p, DPS to 2.2p, noting “proactive gross margin management and reduced input costs”

Eurocell (#ECEL) – 4 months sales -6% YoY, FY profit expectations “unchanged”

Eurocell – 2023 results, emphasises longer-term potential but what about the current outlook?…

Previously writing on window, door and roofline PVC products company Eurocell (ECEL), in September with the shares falling from 112.5p towards 100p on the back of half-year results I concluded that the prevailing trading outlook with already net debt suggested avoid/sell. The shares most recently closed at 114.5p and what about them currently down towards 110p on a 2023 results announcement headlined “Profits in line with expectations; strong cash flow”?

Eurocell (#ECEL) – 2023 adj. EPS down to 11p, DPS to 5.5p, “near-term outlook for our markets remains challenging”

Eurocell (#ECEL) – 2023 sales -4% YoY, some recent “further modest weakening in our key markets”

Eurocell – I having previously questioned how much improvement in the near-term is there really likely to be, how are the half-year results?

Previously writing on window, door and roofline PVC products company Eurocell (ECEL), in May with the shares falling below below 110p I wrote profit warning, how much improvement in the near-term from here is there really likely to be? – and concluded to avoid. The shares most recently closed at 112.5p but are currently falling towards 100p on the back of half-year results.